Market Chatter: Mizuho Financial Says Potential Rakuten Bank Investment Still Under Review; Shares Fall Pre-Bell

MT Newswires Live05-18 17:30

Mizuho Financial (MFG) shares fell over 3% in Monday premarket trading after the Japanese lender said it had not made a final decision on an investment in Rakuten Bank, CNBC reported Sunday.

The Japanese daily Yomiuri Shimbun had earlier reported the bank was planning to increase its investment in Rakuten Bank while exiting its stake in Rakuten Card.

Mizuho Financial said it was evaluating options but stressed that no decision had been reached, according to the CNBC report.

Mizuho Financial did not immediately respond to MT Newswires' request for comment.

(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.)

Price: 8.37, Change: -0.32, Percent Change: -3.68

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