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Japan Megabanks’ Strategic Share Sale Marks Big Priority Shift

Global Finance

The plan by the Big Three banks to unwind their cross-shareholdings points to a long-awaited turn to better corporate governance. billion of cross-shareholdings by the end of March 2027, Mizuho Financial Group expects to sell $1.9 We’ve been discussing this for a number of years, holding meetings with the banks’ independent directors.”

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Market Resilience or Investors In Denial? A Mid-year Assessment for 2023!

Musings on Markets

That does not surprise me, since I have never bought into the “Fed did it” theme, and have written multiple posts about why it is inflation and economic growth that drive interest rates, not central banks. Financials, handicapped by the bank runs at SVB and First Republic, have been flat for the year, as has been real estate.