Mizuho Financial Group¡¯s CEO expressed optimism that momentum in investment banking will continue both at home and in the U.S., where Japan¡¯s third-biggest lender has been expanding.
Tokyo-based Mizuho has completed the integration of U.S. boutique investment bank Greenhill & Co., which it purchased two years ago, and is now reaping the benefits, CEO Masahiro Kihara said in an interview on Thursday. ¡°We¡¯re now able to pursue large-scale M&A deals,¡± he said.
The Federal Reserve¡¯s interest-rate cut overnight will have a positive effect on Mizuho¡¯s business in the U.S., Kihara said. ¡°The momentum will continue probably, and that¡¯s good for us.¡± He expects the Fed to reduce rates two or three more times.
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