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Mizuho stumbles back into crisis with 5th system crash this year

Customers not told about teller transaction halt until 30 minutes before opening

Mizuho Financial Group, one of Japan's three megabanks, has been plagued by system failures since February.   © Reuters

TOKYO -- Mizuho Financial Group, Japan's third-largest banking group by assets, suffered yet another system crash on Friday, dealing a further blow to a company trying to restore confidence after a string of similar failures this year.

A system breakdown halted deposits and other transactions at teller windows in roughly 450 Mizuho Bank branches across Japan on Friday morning. Mizuho Trust & Banking locations also were affected.

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