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Stock Market & Financial Investment News

News Breaks
April 25, 2012
07:35 EDTSMFGSumitomo Mitsui to buy 24% stake in China Post & Capital, Reuters reports
Sumitomo Mitsui Financial Group (SMFG) will pay an estimated $123M to purchase a 24% stake in Chinese asset management firm China Post & Capital Fund Management from its third and smallest shareholder, Beijing Changan Group, reports Reuters. Reference Link
News For SMFG From The Last 14 Days
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September 19, 2014
11:14 EDTSMFGSumitomo 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

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