Mizuho Financial Group (NYSE:MFG) Sees Unusually-High Trading Volume

Tuesday, 19 October 2021, 19:46:48
Mizuho Financial Group, Inc. (NYSE:MFG) saw unusually-strong trading volume on Tuesday . Approximately 33,094 shares changed hands during mid-day trading, a decline of 91% from the previous sessions volume of 385,845 shares.The stock last traded at $2.67 and had previously closed at $2.68. Separately, Zacks Investment Research downgraded shares of Mizuho Financial Group from a []
— Transcript Daily

Worldwide Factoring Industry to 2026 – Featuring Eurobank Ergasias, HSBC Holdings and Mizuho Financial Group Among Others – ResearchAndMarkets.com

Friday, 8 October 2021, 15:29:00
DUBLIN–(BUSINESS WIRE)–The “Factoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″ report has been added to ResearchAndMarkets.com”s offering. The global factoring market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 6% during 2021-2026. Companies Mentioned Advanon AG (CreditGate24 (Schweiz) AG) Aldermore Bank PLC (FirstRand Group) Bluevine Capital Inc. BNP Paribas S.A. Deutsche Leasi
— Business Wire

Banks Around World Are Suffering Big Outages, Leaving Millions Of Customers In Lurch At Worst Possible Time

Friday, 1 October 2021, 23:00:00
Banks Around World Are Suffering Big Outages, Leaving Millions Of Customers In Lurch At Worst Possible Time Authored by Nick Corbishley via NakedCapitalism.com, Twenty banks (some suffering repeated outages), six countries (one in lockdown), five continents, tens of millions of unhappy customers. Theres never a good time for your banks IT system to go down. But few can be worse than in the middle of a lockdown. Its difficult to leave home, your local branch may not be open, and as a result you are more reliant than ever on digital banking services. In New Zealand, now in its seventh week of nationwide lockdown, one of the countrys largest lenders, Kiwibank , went down on Tuesday, leaving many of its customers in the lurch. It is one of a string of IT outages the bank has suffered over the past three weeks, after a DDoS attack on New Zealands third largest Internet provider caused IT crashes at a number of lenders, including Commonwealth Bank and Anz Bank. In a DDoS attack hackers overwhelm a site by getting huge numbers of bots to connect to it all at once, rendering it inaccessible.
— Zero Hedge

Press Conference By ASO Taro, Japan”s Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services – System Failure, Mizuho Bank -2

Wednesday, 29 September 2021, 08:41:28
(Excerpt) (Friday, August 20, 2021, 11:20 am to 11:28 am) [Questions and answers:] Q. This is a question for you as the minister in charge of financial affairs. This morning, a system failure was announced by Mizuho Financial Group, Inc. Similar incidents occurred half a year ago and another one occurred again amid their efforts to prevent recurrence. Could you explain your view with regard to the current situation ascertained by the FSA, and the necessity of any administrative disposition or future approaches? A. Last time, it was trouble with ATMs, and this time, it is not. Anyway, different computer systems of IBM, Hitachi and Fujitsu, which had been used by respective banks before the merger, were integrated. This system has posed risks of failures. And yet, the bank has repeatedly caused system failures around four times, if I remember correctly. I recall that Industrial Bank of Japan used a system of Hitachi, Dai-Ichi Kangyo Bank used a system of Fujitsu, and Fuji Bank used a system of IBM.
— MondoVisione

Press Conference By ASO Taro, Japan”s Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services – System Failure, Mizuho Bank

Wednesday, 29 September 2021, 08:37:00
(Excerpt) (Friday, August 31, 2021, 11:18 am to 11:29 am) [Questions and answers:] Q. On August 20, due to a system failure, Mizuho Bank suspended over-the-counter services for deposits, withdrawals and money transfers. Mizuho Financial Group, Inc. has had system failures repeatedly and caused inconvenience to its customers. The FSA has issued dispositions and orders to Mizuho, but Mizuho has failed to make improvements sufficiently. Accordingly, the FSA”s supervisory responsibility would also be questioned. What do you think as the minister in charge of financial services? A. In 2002, three banks, namely, Dai-Ichi Kangyo Bank, Industrial Bank of Japan, and Fuji Bank merged into the present Mizuho Bank. It was approximately 20 years ago. They had used different computer systems of Fujitsu, Hitachi, and IBM, respectively, and persons well-versed in computers in those days doubted how to integrate those different computer systems. The first system failure occurred soon after the merger.
— MondoVisione