Mizuho Buys Brazil Bank From Ailing WestLB – Deal Journal – WSJ

Mizuho Buys Brazil Bank From Ailing WestLB – Deal Journal – WSJ.

NaderNazemi

West LB

Japan’s Mizuho Financial Group has snapped up one of German bank WestLB AG’s assets in Brazil as the German lender winds down its banking business.

NaderNazemi

Mizuho Financial Group

Looks like there are plenty of opportunities out there for as European banks are selling their assets at rapid pace to raise capital and getting rid of these assets at these fire-sale prices is a real boon for other banks with large cash swaths at their disposal.

But will Europe regain its position and will that market perk up again ?

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