Mizuho FG and Rakuten Bank form capital and business alliance
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- Mizuho Financial Group (FG) announced a capital and business alliance between its subsidiary Mizuho Bank and online bank Rakuten Bank.
- Mizuho Bank will acquire a 5.81% stake in Rakuten Bank in October, indirectly channeling Rakuten Bank's retail deposits to Mizuho Bank's corporate clients for loans.
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Mizuho Financial Group (FG) announced a capital and business alliance between its subsidiary Mizuho Bank and online bank Rakuten Bank. Mizuho Bank will acquire a 5.81% stake in Rakuten Bank in October, indirectly channeling Rakuten Bank's retail deposits to Mizuho Bank's corporate clients for loans.
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This article was originally published by 朝日新聞.
