80 billion in Mizuho’s Rakuten Securities. has a 20% stake in


Mizuho Monetary Group is seeking to make investments about 80 billion ($554 million) to amass an almost 20% stake in Rakuten Securities, sources conversant in the matter mentioned on Wednesday.

The plan comes after Sumitomo Mitsui Monetary Group invested in web monetary large SBI Holdings, heating up competitors amongst Japanese megabanks searching for to draw purchasers by means of on-line brokerages.

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