TOKYO -- Mizuho Financial Group CEO Tatsufumi Sakai appeared before shareholders in an annual general meeting on Wednesday and vowed to transform Japan's third-largest bank following a major computer glitch earlier this year.
Sakai highlighted steady improvements in the company's bottom line, but the whole meeting was overshadowed by the computer glitch, which brought 70% of Mizuho's ATMs to a temporary halt on Feb. 28. It was the third such trouble in Mizuho's 21-year history and a huge blow to the company's goal of becoming a major player in the field of financial technology in partnership with companies like SoftBank Group.
