Mizuho Financial Group (TYO:8411) is confident in the sustained strength of investment banking, particularly in Japan and the U.S., Bloomberg News reported on Thursday, citing CEO Masahiro Kihara in an interview.
Kihara said the bank is already benefiting from its 2022 acquisition and full integration of the U.S. boutique Greenhill & Co., which has enabled it to pursue larger-scale merger and acquisition deals, said the news wire.
He also commented that the recent Federal Reserve rate cut should positively impact Mizuho's US operations, anticipating that the favorable momentum will continue, the publication said.
Kihara forecasted two or three more rate reductions from the Fed, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Comments