Hints and tips:
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...MS Amlin, which has not made a significant underwriting profit since it was taken over by Japan’s Mitsui Sumitomo in 2015, achieved an adjusted combined ratio of 86.6 per cent last year, according to full-year...
...SMBC, whose parent company is Sumitomo Mitsui Financial Group, also committed $2.25bn in financing for Jefferies’s debt underwriting business in 2021....
...Mitsui Sumitomo Insurance also recently announced expansion plans for its Lloyd’s insurer. But there is a fragility to this recent success....
...Last month Japanese insurer Mitsui Sumitomo said it would increase its underwriting capacity at Lloyd’s and the wider London market that surrounds it....
...He bought equal stakes of 5 per cent in the big five trading companies, which also include Mitsui & Co, Sumitomo and Marubeni. He has bulked up these positions in the last year....
...Sumitomo Mitsui Banking Corporation has named Clarke Adams as head of high-yield capital markets and Matt Burke as head of leveraged finance origination....
...Mitsui Banking Corporation has a partnership with Jefferies Financial Group....
...Mizuho, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group are among the pilgrims....
...Japan’s Sumitomo Mitsui Financial Group has announced plans to triple its stake in Jefferies to 15 per cent....
...In 1983, he founded Aristotle Inc, a technology consultancy that sold voter data to political campaigns....
...Japan’s second-largest bank, Sumitomo Mitsui Financial Group, is reportedly staffing up. For redundant bankers, it may be a case of any port in a storm. Investors in SMFG should be more sceptical....
...The sale by Sumitomo Mitsui, one of the three banks responsible for the lion’s share of Japan’s AT1 issuance, is the latest sign of a thawing in market conditions....
...The deal continues a pattern of Japan’s three largest lenders — Mizuho, MUFG and Sumitomo Mitsui Financial Group — fortifying their investment banking capabilities....
...Mizuho Financial Group swooped in to buy US investment boutique Greenhill & Co for $550mn in May, while Sumitomo Mitsui Financial Group said the prior month it would raise its stake in investment bank Jefferies...
...A month earlier, Sumitomo Mitsui Financial Group said it would raise its stake in the US investment bank Jefferies to 15 per cent and combine forces on their M&A businesses....
...The SpaceJet programme, which received investment from large Japanese companies including Toyota, Sumitomo, Mitsui and other Mitsubishi group companies, represented a high-profile national endeavour to return...
...Its main lender was Sumitomo Mitsui Financial Group, whose brokerage arm SMBC Nikko later underwrote ispace’s IPO, while MS&AD Insurance Group, another investor, provided “the world’s first lunar mission...
...Its biggest local rivals including Sumitomo Mitsui Financial and Mitsubishi UFJ Financial Group are just as behind in the digital shift. Locals still mostly stick to cash rather than online banking....
...Providers include Sumitomo Life, Mitsui Sumitomo Insurance and Sompo Holdings — companies that described explosive uptake of the policies as the temperature has soared....
...Shares trade at just over 0.5 times tangible book value, a premium to local peer Sumitomo Mitsui Financial Group, which posted earnings growth beating expectations in the same quarter....
...The company, which is owned by a consortium including Japan’s Sumitomo Corp and Sumitomo Mitsui Financial Group, said demand from customers for narrow-body aircraft that serve shorter-haul travel — notably...
...Related Stories Foreign workers shun Japan as yen’s value plunges Consumer ecommerce hits a brick wall in Japan South Korea’s Kakao shares plunge after weekend data center fire Sumitomo Mitsui, Microsoft...
...But for SMBC Nikko, a century-old business whose owner Sumitomo Mitsui Financial Group is one of Japan’s biggest financial industry brands, they have proved spectacularly damaging....
...The MSCI ACWI returned 8.48 per cent annualised in the 10 years to the end of 2023, while the MSCI USA index returned 11.98 per cent....
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