Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Mizuho Financial Group, Inc.    8411   JP3885780001

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Mizuho Financial Gr. : Japan bank lobby head: no problem with Tibor structure

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/19/2012 | 10:00am CET

The head of Japan's banking industry lobby said on Thursday he does not see any particular problem with the structure of how the Tokyo interbank offered rate, known as Tibor, is decided.

Yasuhiro Sato, chairman of the Japanese Bankers and president of Mizuho Financial Group, also said at a regular news conference he did not believe Japanese banks were involved in the manipulation of the London interbank offered rate, Libor.

Confidence in Libor, a benchmark that underpins transactions worth trillions of dollars, has been shaken by revelations that bankers manipulated the rate to profit on trades and hide their own borrowing costs during the 2007-09 financial crisis.

The Japanese banking lobby has asked the 18 banks contributing to Tibor to check whether proper procedures are being followed in submitting rates.

"We don't think there's any problem with (Tibor), but we decided on a check given growing public interest in Libor," the association's director, Shin Takagi, told a meeting of ruling party lawmakers on Thursday.

(Reporting by Taiga Uranaka; Editing by Michael Watson)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MIZUHO FINANCIAL GROUP, IN
11/18 AerCap Holdings N.V. Announces Pricing of $800 Million Aggregate Principal Am..
11/15 ALEXANDRIA REAL ESTATE EQUITIES,INC. : ARE-E) Files An 8-K Other Events
11/14 MIZUHO FINANCIAL : Ellevate Network Welcomes Mizuho Americas in its Mission to P..
11/14 Japan's top banks lay out cost-cutting plans amid lending gloom
11/13 Mizuho second-quarter profit falls 12 percent on weak lending business
11/08 MIZUHO FINANCIAL : The Islamic Corporation for the Development of the Private Se..
11/08 MIZUHO FINANCIAL : The Islamic Corporation for the Development of the Private Se..
11/05 Factbox - Kobe Steel's 10 largest shareholders
11/05 Kobe Steel's 10 largest shareholders
11/03 MIZUHO FINANCIAL : Japanese companies test new mobile payments service
More news
News from SeekingAlpha
10/17 My Bet? Canadian Banks
09/05 WESTERN DIGITAL - TOSHIBA UPDATE : Why This Time Is Different
08/28 NIKKEI : Japanese firms form $457M fund for start-ups
07/31 Mizuho Financial reports Q1 results
06/22 NOMURA : Interesting Times And Interesting Price
Financials ( JPY)
Sales 2018 3 138 B
EBIT 2018 588 B
Net income 2018 546 B
Debt 2018 -
Yield 2018 3,81%
P/E ratio 2018 9,14
P/E ratio 2019 9,19
Capi. / Sales 2018 1,59x
Capi. / Sales 2019 1,55x
Capitalization 4 992 B
Chart MIZUHO FINANCIAL GROUP, IN
Duration : Period :
Mizuho Financial Group, In Technical Analysis Chart | 8411 | JP3885780001 | 4-Traders
Technical analysis trends MIZUHO FINANCIAL GROUP, IN
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 215  JPY
Spread / Average Target 9,6%
EPS Revisions
Managers
NameTitle
Yasuhiro Sato President, Group CEO & Director
Daisaku Abe COO, Chief Information Officer & EVP
Mitsuo Ohashi Outside Director
Ryusuke Aya Director & Chief Risk Officer
Hiroko Ota Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
MIZUHO FINANCIAL GROUP, INC.-5.98%44 535
JP MORGAN CHASE & COMPANY13.73%340 519
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD34.01%314 244
BANK OF AMERICA20.45%277 663
WELLS FARGO-1.74%266 844
CHINA CONSTRUCTION BANK CORPORATION25.74%235 330