MHFGMizuho Financial Group
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Through these subsidiaries, MHFG would engage in a number of nonbanking activities listed in the Appendix that are currently authorized for Mizuho Holdings.
nonbank subsidiaries and subsequent performance of their activities by MHFG may reasonably be expected to produce benefits to the public that outweigh possible adverse effects, such as undue concentration of resources, decreased or unfair competition, conflicts of interests, or unsound banking practices.
Scott, President & COO of Morgan Stanley said, "We are pleased to collaborate with MHFG on this initiative, leveraging the expertise and experience our firm has amassed around the world and in Japan.
Henceforth, MHFG became the world's largest financial group in terms of total assets and will endeavor to become the world's premier financial institution in terms of the quality of services it offers.