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DME approves Mizuho Bank LCs from SingaporeDubai Mercantile Exchange (DME) has approved Tokyo-headquartered Mizuho Bank to issue letters of credit (LCs) for trading on DME directly from Singapore. Mizuho Bank is the first Japanese banking entity to be authorised to issue D More… |
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Mizuho subprime losses 'to exceed $1.9bn'Subprime losses at Japan's Mizuho Financial Group have likely ballooned to more than $1.9 billion, a report said. The losses may force the bank to cut its full-year forecast for a second time, the Yomiuri newspaper said. Credit mar More… |
Japan banking group plans India tie-upMizuho Financial Group will join forces with India's top bank, State Bank of India, on syndicated loans and other areas, as Japan's second-largest lender looks to capitalise on the growing Indian economy. The deal, the first such alliance More… |
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Mashreq's $500m loan facility closedA $500 million syndicated term loan facility for the Dubai-based Mashreq PSC has been closed, according to bankers. The facility is for the general funding purposes of Mashreq including refinancing a $250 million five-year term loan facili More… |
