Mizuho Corporate Bank, Ltd. (株式会社みずほコーポレート銀行), or MHCB, was the corporate and investment banking subsidiary of Mizuho Financial Group, the second-biggest Japanese financial services conglomerate, prior to the reintegration of investment banking services under the Mizuho Bank name in July 2013.[1]
History
MHCB was created in April 2002 by the merger of the Dai-Ichi Kangyo Bank and Fuji Bank's corporate and investment banking division with the Industrial Bank of Japan.[2] Backed by Mizuho Financial Group's credit ratings and financial solidity, MHCB was positioned as a major player in financial markets and among Japan's leading corporate and investment banks by market share. The brokerage arm Mizuho Securities was also a primary dealer in the U.S. Treasury securities market.[3] MHCB opened a branch in Wuxi, China in 2006 in a bid to support transactions with Japanese companies operating in the city.[4] The bank also had a branch in the Philippines, partnering with the Bank of the Philippine Islands.[5] In 2013, it merged with the former Mizuho Bank, with the unified institution being "Mizuho Bank".
Shareholders
- Mizuho Financial Group (100%)
See also
External links
References
- Mizuho Bank Corporate Profile retrieved 18 March 2014^
- Robert E. Grosse. The Future of Global Financial Services John Wiley & Sons, 2009-02-09^
- New York Fed Severs Tie with Bankrupt MF Global, Down to 21 Primary Dealers Forbes^
- People's Daily Online -- Mizuho to incorporate, seek more lending in China^
- BPI, Japan bank sign deal 3 December 2012^