Hints and tips:
...The Amlin unit was fined by the Prudential Regulation Authority in 2022 for risk-management failures that began before Mitsui Sumitomo’s ownership....
...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....
...The Japanese bank Sumitomo Mitsui has been buying up stock in Jefferies in recent years to become a leading shareholder as part of a strategic partnership....
...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....
...Job moves Morgan Stanley has hired Andy Lipsky, who previously worked as vice-chair of investment banking for JPMorgan, Bloomberg reports. He will have a similar role in his new post....
...Mitsui Banking Corporation has a partnership with Jefferies Financial Group....
...The transaction will be funded by a $7bn financing commitment provided by Sumitomo Mitsui Banking Corporation....
...Revolut’s long road to a UK banking licence Revolut has finally received some good news in its two-and-a-half-year bid for a UK banking licence....
...The deal was part of a push by China to create a global investment banking powerhouse, but has suffered a series of senior exits....
...The fund manager, a sister company of Japan’s Sumitomo Mitsui Trust Bank, has $572bn under management making it one of the largest fund managers in Asia....
...Problems in the large state-owned banking sector appear contained....
...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...
...Brevan Howard has hired Ares Management Corporation’s Oualid Lahsini to lead its Middle East business in Abu Dhabi....
...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...
...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...
...“Many of the current working population are very sceptical about prices and wages rising since they have never experienced it,” said Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset Management...
...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....
...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 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....
...Last Tuesday, Trafigura secured a $1.2bn credit line from a group of banks including Mizuho Bank, Société Générale, Sumitomo Mitsui Banking Corporation and UniCredit....
...Three key energy projects remain: Mitsui & Co Ltd and Japan Oil, Gas and Metals National Corporation (Jogmec) have invested in the planned second phase of the Arctic liquefied national gas project backed...
...Out of tune Goldman Sachs boss David Solomon’s bet on retail banking has failed to pay off....
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