While US and European banks take an 'open-Kimono position' towards sub-prime losses, it's leaving Godzilla sized footprints on Japan's financial sector, crushing the $320 billion Mizuho merger and derailing a share-swap between Citigroup and Nikko Cordial. https://www.financialstandard.com.au/feed/latest?story=12717 en-AU Copyright 2026 Financial Standard 5