Hints and tips:
...$5bn takeover of StanCorp Financial Group by Meiji Yasuda Life Insurance and the $3.8bn purchase of Symetra Financial by Sumitomo Life Insurance in 2016....
...Sumitomo Mitsui Banking Corporation, Japan’s number two lender by assets, has long been linked to a US deal, while MUFG wants to become a top 10 bank by deposits in America....
...The large Japanese insurers such as Sompo, Tokio Marine and Mitsui Sumitomo, active buyers in the past, may look to bulk up and diversify away from their home market....
...LAURA STEINExecutive vice-president and general counsel The Clorox Company Recognised as a top legal strategist and a champion of diversity, Ms Stein is one of North America’s most influential law professionals...
...The remarks from Koichi Miyata, president of Sumitomo Mitsui Financial Group, come as Japan wraps up a record year, in yen terms, for outbound mergers and acquisitions with at least Y10tn ($82.6bn) in deals...
...Japan’s Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group are among a clutch of Asian financial institutions pressing to expand in the nation, as most of their US...
...given enhanced powers to inject capital into ailing banks, securities brokers and insurance companies....
...The remarks went over well with the largely American audience – but less so across the Pacific, where TPG had just sold its stake in an Indonesian bank to a Japanese bank, Sumitomo Mitsui....
...(Reuters live blog)(Financial Times) “Asian stocks swung between gains and losses after mixed earnings at companies from Honda Motor Co. to Sumitomo Mitsui Financial Group Inc. and LG Display Co....
...But profits at the core business will be held back next year as the bank plans to float its insurance division in the second half....
...Sumitomo Mitsui Financial Group, Japan’s second-largest bank by market capitalisation, reported higher profits, largely reflecting higher trading profits and lower credit costs....
...Hiroshi Minoura, Sumitomo Mitsui Banking Corporation’s senior managing director and head of global international banking, told the Financial Times that Japan’s second-largest bank had in the past looked...
...Sumitomo Mitsui Financial Group has agreed to buy a 4.5 per cent stake in India’s fourth-largest private bank, the first investment by a Japanese financial group in an Indian bank....
...Dai-ichi Life Insurance’s $11.1bn IPO, Japan’s biggest in more than a decade, raised the most money of any equity deal in the quarter, while Japanese bank Sumitomo Mitsui’s $11bn share sale was the biggest...
...Mitsui Fudosan added 2.4 per cent to Y1,597 and Sumitomo Realty & Development rose 3.1 per cent to Y1,764....
...It has agreed to sell Nikko Cordial to Sumitomo Mitsui Financial Group for Y500bn and Nikko Asset Management to Sumitomo Trust for $112bn....
...Sumitomo Mitsui Financial Group, the second largest, shed 2.7 per cent to Y3,900 and Mizuho Financial Group, the third largest, dropped 2.7 per cent to Y219....
...In the insurance sector top 10, by contrast, every company has seen its brand value fall....
...Tokio Marine and Nichido, Japan’s leading non-life insurance company, has spent more than $5.5bn to acquire Kiln, one of the largest agencies trading in the Lloyds insurance market, and Philadelphia, a US...
...Teisuke Kitayama The cosmopolitan banker began his career at the blue-chip Mitsui Bank. He has aggressively diversified Sumitomo Mitsui Financial Group into consumer loans and credit cards....
...Shares in Japan’s big three banks – Mitsubishi UFJ (MUFG), Mizuho and Sumitomo Mitsui – were some of the worst performers in the region after it was revealed that they had a total of Y4,700bn ($45bn, €28bn...
...Nomura Holdings, Japan’s largest broker, dropped 7.3 per cent to Y1,326 in Tokyo and HSBC, the company with the biggest weighting in Hong Kong’s Hang Seng index, Sumitomo Mitsui fell by 7.1 per cent to Y630,000...
...Sumitomo Mitsui rallied 3.6 per cent to Y844,000, Mitsubishi UFJ jumped 3.8 per cent to Y1,013 and Mizuho Financial surged 4.1 per cent to Y534,000....
...Sumitomo Trust & Banking dropped 3.5 per cent to Y747 and Chuo Mitsui Trust fell by 2.5 per cent to Y653. In Australia, shares rose after spending much of the day lower....
...Australian stocks closed up 1.1 per cent at 5,400.4, with the biggest news for the bourse being insurance company IAG’s rejection of larger rival QBE Insurance’s takeover bid as being too low....
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