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Stock Market & Financial Investment News

News Breaks
March 12, 2013
06:18 EDTMTU, SMFGSumitomo 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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April 21, 2015
09:02 EDTMTUBlackstone, Wells Fargo in talks on more GE financial assets, Bloomberg says
General Electric (GE), which has announced plans to divest the majority of its GE Capital businesses, is in talks about the potential sale of its $74B U.S. commercial-lending unit, reported Bloomberg, echoing a similar report from The Wall Street Journal. Potential buyers include Blackstone (BX), Mitsubishi UFJ (MTU) Wells Fargo (WFC) and Apollo Global (APO), according to people with knowledge of the matter. Reference Link
April 16, 2015
06:23 EDTMTUSharp, lenders close to $1.7B rescue, restructuring plan, Reuters reports
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