The Mizuho group had a difficult 2021. The smallest of the three Japanese megabanks, the firm was plagued by major IT problems. In February 2021, its ATMs swallowed more than 5,000 cash cards and passbooks. A month later, 300 foreign currency money transfers were delayed because of a hardware failure. A few IT glitches later, Mizuho Financial Group’s chief executive Tatsufumi Sakai said he would step down in April 2022.
January 05, 2022
