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Stock Market & Financial Investment News

News Breaks
March 12, 2013
06:18 EDTSMFG, MTUSumitomo Mitsui considers bid for TPG's $1.7B stake in PT Bank, Bloomberg says
Sumitomo Mitsui Financial Group (SMFG) has discussed a possible purchase of TPG Capitalís $1.7B stake in Indonesiaís PT Bank Tabungan Pensiunan Nasional, sources say, reports Bloomberg. Sumitomo isnít currently in formal negotiations with TPG, the source said. TPG has been approached by other lenders including Japanís Mitsubishi UFJ Financial Group (MTU), sources say. Reference Link
News For SMFG;MTU From The Last 14 Days
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September 19, 2014
11:14 EDTMTU, SMFGSumitomo Mitsui, Mitsubishi UFJ on short list for Citigroup unit, WSJ reports
Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Trust Holding, Mitsubishi UFJ Financial (MTU) and Shinsei Bank have been shortlisted by Citigroup (C) as buyers for the U.S. bank's retail bank in Japan, the Wall Street Journal reports, citing sources. Citi could pick a buyer for the unit by the end of the year or early next year. Citigroup could sell its Diners Club branded credit card unit in Japan along with the retail bank, a source says. Reference Link
September 17, 2014
09:26 EDTSMFGSumitomo Mitsui aims to broaden aircraft-leasing division, WSJ says
In an effort to expand away from traditional lending, Sumitomo Mitsui Financial is looking to broaden its aircraft-leasing division by considering acquiring Awas Aviation Capital's $5B aircraft portfolio via its joint venture with Sumitomo Corp., according to The Wall Street Journal, citing people familiar with the deal. Reference Link
September 12, 2014
06:25 EDTMTU, SMFGCiti Diners Club attracts attention of banks in Japan, Bloomberg says
Citigroup's (C)ís Diners Club card is among some of the firm's resources in Japan that is attracting attention from lenders as the company looks for offers for its retail division in the country, according to Bloomberg, citing people with knowledge of the matter. The sources said that Sumitomo Mitsui (SMFG), Mizuho Financial Group (MFG), Mitsubishi UFJ (MTU), Sumitomo Mitsui Trust and Shinsei Bank are some of the banks that are poised to propose preliminary offers. Reference Link
September 8, 2014
07:29 EDTMTUMitsubishi UFJ mulls spending $8B on U.S., Asia deals, FT says
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