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Mizuho Corporate Bank, Ltd. (株式会社みずほコーポレート銀行, Kabushiki-gaisha Mizuho Kōporēto Ginkō), or MHCB, was the corporate and investment banking subsidiary of Mizuho Financial Group, the second-biggest Japanesefinancial services conglomerate, prior to the reintegration of investment banking services under the Mizuho Bank name in July 2013.[1]
MHCB was created in April 2002 by the merger of the Dai-Ichi Kangyo Bank and Fuji Bank's corporate and investment banking division with the Industrial Bank of Japan.[2] Backed by Mizuho Financial Group's credit ratings and financial solidity, MHCB was positioned as a major player in financial markets and among Japan's leading corporate and investment banks by market share. The brokerage arm Mizuho Securities was also a primary dealer in the U.S.Treasury securities market.[3] MHCB opened a branch in Wuxi, China in 2006 in a bid to support transactions with Japanese companies operating in the city.[4] The bank also had a branch in the Philippines, partnering with the Bank of the Philippine Islands.[5] In 2013, it merged with the former Mizuho Bank, with the unified institution being "Mizuho Bank".