History
Mizuho Bank was established on April 1, 2002 by the merger of Dai-Ichi Kangyo Bank with the retail operations of Fuji Bank and the Industrial Bank of Japan. All three predecessors were major financial institutions in their own right and had served as cornerstones of major zaibatsu (prewar era) and keiretsu (postwar era).
In the merger of the three banks, Dai-Ichi Kangyo was renamed Mizuho Bank and inherited the group's individual, small business and local/regional government services, while institutional banking services were consolidated into Fuji Bank, which was renamed Mizuho Corporate Bank.
The two banks were initially consolidated under a holding company, Mizuho Holdings. On October 1, 2005 they were transferred to a new holding vehicle, Mizuho Financial Group.
Read more about this topic: Mizuho Bank
Famous quotes containing the word history:
“America is the only nation in history which, miraculously, has gone directly from barbarism to degeneration without the usual interval of civilization.”
—Attributed to Georges Clemenceau (1841–1929)
“The history of his present majesty, is a history of unremitting injuries and usurpations ... all of which have in direct object the establishment of an absolute tyranny over these states. To prove this, let facts be submitted to a candid world, for the truth of which we pledge a faith yet unsullied by falsehood.”
—Thomas Jefferson (1743–1826)
“It is true that this man was nothing but an elemental force in motion, directed and rendered more effective by extreme cunning and by a relentless tactical clairvoyance .... Hitler was history in its purest form.”
—Albert Camus (1913–1960)