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Mizuho seeks growth of US$100b from overseas transaction banking

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Transaction banking enables Mizuho to capture low-cost deposits in local currencies, funding its lending and investments where it can profit from margins, as well as earning fees on transactions.

Tokyo

MIZUHO Financial Group Inc wants to grow its business managing overseas corporate money by US$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

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