Mizuho Financial Group
Japanese bank credit spreads tighten on central bank bailout
Credit protection sellers in Tokyo welcomed the Japanese authorities’ plan to buy shares from the banks to help stop the deterioration of banks’ financial ratios due to the fall in stock prices, helping Japanese bank credit default swap spreads end the…
Mizuho to launch ¥1.27 trillion CuBic One synthetic CLO
Mizuho Corporate Bank, a unit of Japan's Mizuho Holdings, is launching a ¥1.27 trillion ($10.4 billion) three-year synthetic balance sheet collateralised loan obligation (CLO), via special purpose vehicle CuBic One Limited. Mizuho International and…
WRMA adds to Asian presence
The Weather Risk Management Association (WRMA), the Washington DC-based trade association for the weather derivatives market, has added Hiroshi Matsui of Mizuho corporate bank to its board of directors, and named Hironori Kamezawa of The Bank of Tokyo…
Japanese credit spreads resilient despite poor equity market
Japanese credit default swaps remained surprisingly resilient this week, despite continued weakness in stock markets and negative corporate news, dealers said. They added that trading remained within a tight range throughout the week, brushing off, or…
Mizuho adds two to Tokyo equity derivatives trading team
Mizuho Securities has added two new hires to its equity derivatives trading team in Tokyo. Chea Srun joined from Dresdner Kleinwort Wasserstein and Nav Takhar from Toronto Dominion Bank. Both will work as traders.
No “new role” for RCC in Japanese NPL clean-up, claims ING
The decision by Mitsubishi Tokyo Financial (MTFG) to step up its sell-off of bad loans to the Resolution and Collection Corporation (RCC) will have little tangible effect on cleaning up Japanese financial institutions’ burgeoning non-performing loans …