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Stock Market & Financial Investment News

News Breaks
January 31, 2013
06:04 EDTSMFGSumitomo Mitsui upgraded to Buy from Hold at Jefferies
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
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

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