Sumitomo Mitsui Financial Group Inc (8316.T)
23 Aug 2019
Fri, Aug 23 2019
TOKYO Sumitomo Mitsui Financial Group (SMFG) said on Friday it would acquire British asset manager TT International, in a move to generate a fee-based revenue and attract Japanese investors hamstrung by low domestic returns.
* Households' financial assets reached 1835 trln yen in Japan (Adds SMFG's announcement, details)
TOKYO, Aug 23 Sumitomo Mitsui Financial Group (SMFG) will acquire British asset manager TT International for about 20 billion yen ($188 million), the Nikkei reported on Friday.
* First-quarter net profit Y216 bln vs Y227 bln a year earlier
TOKYO, July 30 Sumitomo Mitsui Financial Group Inc (SMFG) on Tuesday reported a 5% decline in first-quarter net profit, saying its retail business was hit by adverse market conditions.
TOKYO Sumitomo Mitsui Financial Group (SMFG) aims to expand its business in Asia and is looking at the Philippines, India and Myanmar for possible future investment, the CEO of Japan's second-largest bank by assets said.
TOKYO, May 15 Sumitomo Mitsui Financial Group Inc (SMFG) on Wednesday posted a 1% decline in net profit for the year through March, and flagged a further decrease this year reflecting the chronic battle for Japanese banks as face ultra-loose monetary policy.