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24.03.26 - 15:18
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Jefferies Jumps on Report of Potential SMFG Takeover (Bloomberg)
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Bloomberg's Katherine Doherty reacts to the reports about Japanese bank Sumitomo Mitsui Financial Group potentially taking over Jefferies Financial Group. While there have been denials of any immediate takeover plans, SMFG has been gradually increasing its stake in Jefferies, currently disclosed at around 20%. (Source: Bloomberg)...
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26.02.26 - 05:00
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DBS, OCBC Reportedly Vying for HSBC's Indonesia Retail Banking Assets (AAStocks)
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DBS Group, OCBC, UOB, Malaysia's CIMB, and Sumitomo Mitsui Financial Group (8316.JP) are wrestling to bid for HSBC HOLDINGS (00005.HK)'s Indonesia retail banking assets, with the deadline for submitting binding bids set for mid-March,Bloomberg reported, citing people familiar with the matter.HSBC has been reportedly disc......
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11.02.26 - 22:18
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SMBC Group′s Yoshihiro Hyakutome Nominated to Jefferies Board of Directors As Focus Intensifies on Global Strategic Alliance (Business Wire)
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NEW YORK & TOKYO--(BUSINESS WIRE)--Jefferies Financial Group Inc. (“Jefferies”) and Sumitomo Mitsui Financial Group, Inc. and its wholly owned subsidiary Sumitomo Mitsui Banking Corporation (collectively, “SMBC Group”) announced today that Yoshihiro Hyakutome, Deputy President, Executive Officer and Co-Head of the Global Business Unit of SMBC Group, has been identified by SMBC Group as a candidate to be a member of the Jefferies Board of Directors, replacing Toru Nakashima, CEO of SMBC Group.
Mr. Nakashima has served as a board member since August 2024, upon SMBC Group's investment in Jefferies exceeding 10%, and will be serving until the end of his term. As the Global Strategic Alliance between Jefferies and SMBC Group becomes increasingly operational and with the Alliance partners preparing for the Japan equities joint venture commencing operations in January 2027, SMBC Group determined to have the Co-Head of its Global Business Unit become an active member of the Jefferies Board. The Jefferies...
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19.01.26 - 11:36
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SMFG Taking Foreign Currency Deposits by Credit Card (Nippon)
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Tokyo, Jan. 19 (Jiji Press)--Sumitomo Mitsui Financial Group Inc. said Monday it launched the same day a service to allow individual customers to make fixed-amount monthly deposits in foreign currency accounts using credit cards. In the first-ever service in Japan, users of Sumitomo Mitsui Banking Corp.'s Direct online banking services are able to deposit 500 yen to 100,000 yen with their car......
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18.12.25 - 04:54
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INTERVIEW: S′tomo Mitsui May Hit 2-T.-Yen Net Profit Earlier (Nippon)
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Tokyo, Dec. 18 (Jiji Press)--Japan's Sumitomo Mitsui Financial Group Inc. may post a consolidated net profit of 2 trillion yen earlier than the currently expected period of around 2030, President Toru Nakashima has said. On the back of brisk domestic business, the megabank group "cannot deny the possibility of achieving 2 trillion yen" in net profit during the three years from fiscal 2026, w......
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