Mizuho eyes growing its cross-border transaction business by $100b

The bank hopes for a 20% boost in forex volume with the push into transaction businesses.

From Bloomberg: Mizuho Financial Group Inc. wants to grow its business managing overseas corporate money by $100 billion this fiscal year, as it seeks new ways to boost international earnings at a time of negative interest rates at home. “We’re expanding with a focus on the cross-border transactions of non-Japanese corporations doing business in Asia,” Zenichi Tanakamaru, a senior vice president in Mizuho’s global corporate department, said in an interview.