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Finance

Mizuho reshuffles management, vows more IT investment

Japanese megabank files improvement plan following system glitches

The new president and CEO of Mizuho Financial Group, Masahiro Kihara, said: "we will identify and eliminate shortfalls in staffing and investment in IT." (Nikkei montage/Reuters/HIrofumi Yamamoto)

TOKYO -- Mizuho Financial Group, Japan's third-largest banking group, announced a new management team on Monday, as it scrambles to resolve a string of computer system problems that have repeatedly inconvenienced depositors and business customers over the past year.

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