Mizuho Financial Group News

Mizuho Corporate Bank and Mizuho Bank will start direct trading of the yen and the yuan on the Japanese market on June 1, the two of Mizuho Financial Group Inc.

Bloomberg quoted a source in the know, who would not be named due to the private nature of the information.

Japan's three biggest banks, led by Mizuho Financial Group Inc., forecast profit for this year that exceeded analysts' estimates as lending rebounds.

Japan's top banks are set for profit declines this year after solid growth in the past two years as razor-thin yields curb their hefty government-bond trading gains and as a tepid domestic economy curtails loan appetite.

The nation's commercial banks have steadily increased their presence in overseas markets, with the outstanding balance of their loans in the Asian region hitting an all-time high at 211.9 billion dollars as of the end of 2011, up 24 percent from the year before, according to the Bank for International Settlements.

Mizuho International plc - Oil & Gas - Advisory Profile Summary Mizuho International plc is a securities and investment banking arm of Mizuho Financial Group.

According to people familiar with the matter, the FBI, SEC and U.S. attorney's office in Manhattan are studying representations by Mizuho Financial Group about securities linked to a CDO it sold and raising the possibility of criminal liability tied to the financial crisis, reports the Financial Times.

Korea South-East Power Co., which operates thermal power stations in Korea, borrowed $300 million in a facility which matures in 2 1/2-years, according to an e- mailed statement.