Topic: Nikko Cordial Corporation
Sumitomo Mitsui Financial Group (SMFG) has emerged as the likely buyer of Citigroup Inc ( C - news - people )'s retail brokerage and investment banking operations in Japan after outbidding rivals with an offer of about $5.2 billion, two people with knowledge of ...
By selling Japanese brokerage house Nikko Cordial to Sumitomo Mitsui Bank, Citigroup may be able to ease through the Fed's capital stress tests. ( C - news - people ) said Friday that it had reached a definitive agreement to sell Nikko Cordial Securities, its ...
Mitsubishi's response to Sumitomo's Nikko Cordial acquisition seems to have been in upping its stake in U.S. investment giant Morgan Stanley (MS). When Morgan Stanley sold 80 million shares for a total of $2.2 billion last Thursday, Mitsubishi ...
Sumitomo Mitsui Financial Group and Daiwa Securities Group may consider merging their brokerages, a newspaper reported, in a move that could lead to a major shift in Japan's financial sector with Citigroup assets also in play. The future of their partnership ...
Sumitomo Mitsui Financial Group (SMFG) said Friday it had agreed to buy Citigroup's Japanese brokerage arm as part of a 545 billion yen (5.5 billion dollars) deal with the troubled Wall Street giant.The purchase of Nikko Cordial Securities and ...
Banking group Sumitomo Mitsui to buy Citigroup's Japan brokerage unit for $5.6 billionSumitomo Mitsui is taking over Citigroup's Japan brokerage businesses, both sides said Friday, as part of a bigger plan to restructure the struggling U.S. bank. The ...
By selling Japanese brokerage house Nikko Cordial to Sumitomo Mitsui Bank, Citigroup may be able to ease through the Fed's capital stress tests. ( C - news - people ) said Friday that it had reached a definitive agreement to sell Nikko Cordial Securities, its ...
Japan's Sumitomo Mitsui Financial Group Inc has reached a basic agreement with Citigroup Inc to buy Citi's retail brokerage and part of its investment banking operations in Japan for more than $5.2 billion, sources said on Tuesday. SMFG, Japan ...
Citigroup said Monday it was " committed" to its Japanese brokerage and asset management businesses, following reports they are up for sale as the troubled US financial giant splits in two. "With respect to our brokerage and asset management businesses in Japan... Citi ...
But Citigroup has assured the market that it is committed to Nikko Cordial for the near future. Still, with deeply troubled Citigroup in the process of breaking itself into pieces, "I just can't see how Nikko Cordial would be 'core' to ...
