Mizuho tries its hand in European rates
Japanese bank bets on handful of deep relationships to compete in crowded European market
A bank seeking to grow its rates business outside its home market might not think to look towards Europe, where competition is fierce and regulation dulls the benefits of client relationships.
But that’s exactly what Mizuho is doing. The Japanese bank has a new direction, new staff and bold ambitions to make Europe its bridgehead for an international push in rates trading.
“The key clients that we want to interact with are global. They want to trade globally, so we need to position ourselves
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