Sumitomo of Japan would be purchasing shares owned by TPG Capital in BTPN Bank of Indonesia. Sumitomo Mitsui Banking Corp of Japan is in discussion to purchase a US$1.
Tags: Sumitomo Mitsui Banking Corp
Bank of Japan's Koji Ishida Warned Negative Interest Rate Do Very Little to Boost Investment
Koji Ishida, Bank of Japan's policy board members said the negative interest rate will do very little to boost investment. Continuing tumult in the market may hurt Japanese economy.
SMBC, DBJ to take combined 33.4 percent stake in Skymark: sources
Sumitomo Mitsui Banking Corp and the Development Bank of Japan are set to take a combined 33.4 percent stake in bankrupt budget carrier Skymark Airlines Inc (SKALF.PK), giving them veto power over major decisions, sources familiar with the plan said.
Bank of Tokyo Mitsubishi becomes first foreign lender in decades to open Myanmar branch
Japan's Bank of Tokyo Mitsubishi UFJ Ltd (BTMU) has invested $100 million to become the first foreign lender in decades to open a branch in Myanmar on Wednesday, said Chief Executive Officer Go Watanabe.
SMBC to buy Citi Japan retail business in October
Sumitomo Mitsui Banking Corp (SMBC) will buy Citigroup Inc's (C.N) Japanese retail banking operations in October for about 40 billion yen ($330 million), people with knowledge of the matter said on Wednesday.
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NEC's restructuring plan is underway as it receives loans from major banks and sells off quality assets to the market.
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