Japan's Mizuho [8411.TO] bank has announced new links with US-based banks Wachovia [WB], Bank of New York [BK] and Wells Fargo [WFC]. Mizuho will use the links to develop a range of investment and retail products. More importantly though, Mizuho also plans to establish a private bank, but it will need to find a specialist wealth management partner to avoid over-stretching its capabilities.
28 Apr 2005, 18:54 GMT
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