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By Mizuho’s own admission, the bank lacks scale to compete on deals with larger U.S. rivals, and hiring bankers away from these Wall Street giants can be challenging.
The bank last month agreed to buy Numis Corp., even as it revealed plans to cut 800 senior back-office workers to reduce costs.
The mergers come as overall deal volume has declined about 44 percent to $973 billion so far this year.
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FTSE 100 Poised to Rise After Mixed Asia Trading 0637 GMT - The FTSE 100 looks set to rise 36 points to 7738, according to IG futures data, though Asia trades mixed and U.S. stocks lost ground. Markets in Australia and Hong Kong gain, though mainla... | 03:06am