Mizuho Bank
In 1985 the Federal Government granted 16 banking licences to foreign banks and now 40 of the 43 foreign banks operating in Australia are based in Sydney, including the People's Bank of China, Bank of America, Citigroup, UBS, Mizuho Bank, Bank of China, Banco Santander, Credit Suisse, Standard Chartered, State Street, HSBC, Deutsche Bank, Barclays, Royal Bank of Canada, Société Générale, Royal Bank of Scotland, Sumitomo Mitsui, ING Group, BNP Paribas, and Investec.