Hints and tips:
...Sumitomo Mitsui Banking Corporation has named Clarke Adams as head of high-yield capital markets and Matt Burke as head of leveraged finance origination....
...More than half of that fee, $386m, will go to banks including JPMorgan Chase, Sumitomo Mitsui Banking Corporation and MUFG Bank for the financing arrangements....
...$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....
...“No other Japanese pharma company management team has that level of international experience.”...
...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....
...Warburg, meanwhile, received commitments for $7bn in senior secured debt from international banks including BNP, Credit Suisse, HSBC, ICBC, Standard Chartered and Sumitomo Mitsui in what would be one of...
...The flurry of activity closed with a $5.3bn bid for UK-listed insurer Amlin by Mitsui Sumitomo, a subsidiary of MS & AD....
...Among Japanese banks, Sumitomo Mitsui is thought to be the closest to announcing a foreign acquisition....
...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...
...With more than a fifth of S&P 500 companies having announced their first quarter figures, more than 80 per cent are considered to have beaten expectations....
...In addition, Japan’s general traders, or sogo shosha, dominate at home and in the region: Mitsubishi, Mitsui & Co, Sumitomo, Itochu and Marubeni....
...The Japanese trading houses, or sogo shosha, Mitsubishi, Mitsui, Sumitomo, Itochu and Marubeni, are also public companies....
...Mitsui, a trading house that counts commodities as its biggest source of profit, rose 2.5 per cent to Y1,374. Oil companies were the second-biggest gainers on the Topix....
...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...
...The company plans to start up a motor, travel and home insurance business from Singapore, five years after it sold its Asian general insurance arm to Japan’s Mitsui Sumitomo Insurance for $450m....
...Mitsui Fudosan added 2.4 per cent to Y1,597 and Sumitomo Realty & Development rose 3.1 per cent to Y1,764....
...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...
...Fears of similar moves elsewhere in the sector sent Mizuho Financial down 6.6 per cent to Y155 and Sumitomo Mitsui Financial 4.6 per cent lower to Y2,720....
...The list includes six insurance companies – Axa, Aegon, Allianz, Aviva, Zurich and Swiss Re – which sit alongside 24 banks from the UK, continental Europe, North America and Japan....
...In the insurance sector top 10, by contrast, every company has seen its brand value fall....
...Banks across the region were hurt, with Mitsubishi UFJ Financial dropping 6.8 per cent to Y423 and Sumitomo Mitsui Financial losing 5.7 per cent to Y2,990....
...Insurers also gained after another local report said that Mitsui Sumitomo Insurance Group, Aioi Insurance and Nissay Dowa General Insurance could announce a merger this week....
...Non-bank lenders remained under significant pressure after Monday’s failure of SFCG, which lends to small companies and consumers, heightened concerns over the availability of credit and further bankruptcies...
...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....
International Edition