Mizuho Corp Bank To Join In Mega Turnaround Fund

Mizuho Corporate Bank, the investment banking unit of Mizuho Group, will join other major Japanese banks in a business revitalization megafund, according to Nikkei. The fund was established by the Development Bank of Japan, Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ and Mitsubishi Corp. It will be operated by Japan Industrial Solution Ltd., which the banks formed last September.