Mizuho Financial Group Inc., Japan’s third-biggest banking group by market value, selected Fujitsu Ltd., Hitachi Ltd. and two other companies to develop a new computer system for the lender’s national operations.
Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. are planning to relax terms on emergency loans to chipmaker Renesas Electronics Corp., three bank officials with knowledge of the matter said.
A Japan-backed fund will negotiate with Renesas Electronics Corp.’s main banks this weekend and may announce an investment of more than 180 billion yen ($2.2 billion) in the ailing chipmaker as early as next week, a person with knowledge of the plan said.
With no plan from Congress or the Obama administration to shutter Fannie Mae and Freddie Mac, the companies’ regulator told Congress yesterday it will expand its oversight with a strategic plan to develop new systems and standards for home loans.
Sharp Corp.’s two main banks plan to approve a revival package submitted today by the Japanese electronics maker and will contribute to a total of about 360 billion yen ($4.6 billion) in loans, according to two people with knowledge of the matter.
Mizuho Financial Group Inc. Chief Executive Officer Yasuhiro Sato will meet with counterparts from seven Asian lenders in Tokyo today for talks on how they might ally to win more bond business in the region, said two people with knowledge of the meeting.
Sharp Corp.’s two main banks plan to back a revival package from the Japanese TV maker and will contribute to a total of about 360 billion yen ($4.6 billion) in loans, according to two people with knowledge of the matter.
Mizuho Financial Group Inc. will face regulatory action after system failures following Japan’s March 11 earthquake delayed salary payments to 620,000 Japanese and forced the banking unit head to refuse a top lobbying post.