Mizuho’s Trading Platform Crashes as IPO Stocks Debut

[kreslik.news]

Mizuho Financial Group’s online stock platform crashed today due to a system failure. The technical issue occurred at the same time of Kokusai Pulp & Paper Co, whose initial public offering the bank underwrote, listed on the Tokyo Stock Exchange.

According to a report from Bloomberg, the crash of Mizuho’s Net Club website was due to a network failure. The bank said it would report more details when they become available. Although, it did not specify when the system will recover.

A spokesman for the Financial Services Agency (FSA), Atsushi Maruyama, said the Japanese bank reported the issue ... (read more)