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...Sumitomo Mitsui Banking Corporation is planning to triple its stake in US investment bank Jefferies Financial Group, deepening ties between the Wall Street and Tokyo banks in an effort to compete with larger...
...The quintet consists of Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Mizuho Financial, Sumitomo Mitsui Trust and Resona....
...Europe was the chief laggard this past quarter, with regional deal activity down 63 per cent to $81.6bn, while the US saw a 47 per cent drop to $271.7bn and the Asia-Pacific region only declined by 24 per...
...Novo bulks up to boost sales of weight-loss drugs The Danish pharma giant Novo Nordisk has become Europe’s most valuable corporation by making drugs that help people lose weight....
...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....
...She adds that cybercriminals may view wealthy individuals as easy targets due to their public profile and typically having fewer cyber security precautions than corporations....
...The transaction will be funded by a $7bn financing commitment provided by Sumitomo Mitsui Banking Corporation....
...Adani Green raised $750mn in green bonds last year and in December announced a $200mn yen-denominated refinancing facility with MUFG Bank and Sumitomo Mitsui Banking Corporation acting as principal lenders...
...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...
...Funding Europe’s battery ambitions Swedish start-up Northvolt wants to become Europe’s biggest battery manufacturer....
...In the US, officials said that any shortfall would be covered by a levy on the rest of the banking industry....
...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....
...Former UK prime minister David Cameron even tried to start a $1bn private equity fund anchored by the state-backed China Investment Corporation....
...Underscoring Bravo’s bet on Europe: his firm recently opened an office in London....
...Adani’s renewables unit raised $750mn in green bonds this year, and in December announced a $200mn yen-denominated refinancing facility with MUFG Bank and Sumitomo Mitsui Banking Corporation acting as principal...
...Barclays has hired Jim Birchenough as chair of global healthcare investment banking, based in San Francisco. He previously led Wells Fargo’s biopharma investment banking unit....
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...And after starting out overwhelmingly American it is beginning to grow a little in Europe and Asia as well....
...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....
...Goldman Sachs estimates that a quarter of work tasks in the US and Europe could be automated by generative AI....
...The expansion of fintech has been especially notable in Indonesia — a country of more than 270mn people where many have limited banking access....
...The three largest Japanese banks, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho, have been settling dollar transactions with Sberbank through the US....
...Sato, who joined SMBC Nikko in 2019 and oversaw its equity division, has long worked at the market division of Sumitomo Mitsui Banking Corp, Japan’s second-largest lender....
...Europe’s lenders have endured a painful decade waiting for interest rates to rise....
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