Tokyo, May 20 (Jiji Press)--Mizuho Bank and Rakuten Bank will form a capital and business alliance, with the former set to acquire shares in the latter on Oct. 1, the parent companies of the two Japanese banks said Wednesday. Mizuho Bank, one of Japan's three megabanks,

Shares of Mizuho Financial Group fell over 7% Monday, after the company said it has not made decision yet on investment in Rakuten Bank.

Tokyo, May 20 (Jiji Press)--Mizuho Bank and Rakuten Bank will form a capital and business alliance, with the former set to acquire shares in the latter on Oct. 1, the parent…