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Tag Archives: Citigroup

Sumitomo Mitsui Financial Group Update

16-Jun-09

After announcing last month that it would purchase Citigroup Inc’s Japanese brokerage firm – Nikko Cordial Securities Inc. – for JPY 545 billion, Sumitomo Mitsui Financial Group Inc. said it would raise up to JPY 923 billion (US$9.4B) in the largest Japanese stock sale in eight years. Japan’s second largest bank by market value will [...]