Mizuho Finance as a group is doing fine, partly because their main business is not consumers and companies can't just leave their main bank on a whim.
And also partly because it's the third biggest bank of Japan and it wouldn't be allowed to not be doing fine ("too big to fail" doesn't even start to describe the impact of a group this size starting to go down)
Do they do "great" ? Arguably no. They shut down a number of consumer facing locations, had a hard time recruiting, and compared to Mitsubishi and Mitsui the gap has kept widening. In their small/middle customer businesses they're starting to face the rise of GMO and Rakuten where the two other are too far ahead to even need to care about it.
> Do they do "great" ? Arguably no. They shut down a number of consumer facing locations, had a hard time recruiting, and compared to Mitsubishi and Mitsui the gap has kept widening. In their small/middle customer businesses they're starting to face the rise of GMO and Rakuten where the two other are too far ahead to even need to care about it.
The last year I can find figures for has Mitsubishi's assets -5.46%, SM -4.14%, and Mizuho -2.03% (so yes a decline in absolute terms, but that's the best performance in the top 10, and sounds like closing the gap with Mitsubishi and SM rather than widening it). I can't find a branch count but Mizuho has vastly more ATMs (around 4x as many as Mitsubishi) and that number is increasing. They've continued to make consumer-facing improvements recently like their wallet app allowing electronic money payment directly from you bank account, and English support in their main app. Of course like all of the big banks they're facing competition from the rise of the net banks, but as far as I can see they're doing as well as any of the big four, perhaps better.
And also partly because it's the third biggest bank of Japan and it wouldn't be allowed to not be doing fine ("too big to fail" doesn't even start to describe the impact of a group this size starting to go down)
Do they do "great" ? Arguably no. They shut down a number of consumer facing locations, had a hard time recruiting, and compared to Mitsubishi and Mitsui the gap has kept widening. In their small/middle customer businesses they're starting to face the rise of GMO and Rakuten where the two other are too far ahead to even need to care about it.