Sumitomo Mitsui
Japan’s megabanks lift profit forecasts to record highs, step up buybacks
The banks’ strong Q2 earnings demonstrate their success in weathering uncertain global economic conditions
Fullerton deal is no side gig for Japan Inc
Mitsubishi’s latest investment in Singapore’s Fullerton Health underscores how Japan Inc has been swooping in on healthcare assets across South-east Asia and reshaping the sector – block by block
SMFG said to eye US$1.1 billion additional investment in Yes Bank: sources
The fresh investment would bring the total amount to US$2.7 billion, giving SMFG a roughly 25% stake in Yes Bank
Sumitomo Mitsui Trust said to shut Hong Kong branch by June 2026
SUMITOMO Mitsui Trust Bank plans to close the lender’s Hong Kong branch by June 2026 and move most of its client operations to the Singapore office, according to people familiar with the matter.
Japanese megabanks weigh Middle East evacuations, JPMorgan limits travel
The war threatens years of effort by Middle Eastern governments to court global financial firms as part of plans to diversify their economies away from oil
Japan’s megabanks forecast more record profits despite tariff uncertainty
The banks expect Japanese companies to keep investing and each has extensive overseas operations across different financial services
Japan’s megabanks see record annual profit after bumper Q2 as rate hikes boost margins
JAPAN’S three megabanks raised their annual profit forecasts to all-time highs on Thursday (Nov 14), fuelled by robust lending demand and higher margins following a July interest rate hike by the Bank...
Saudi Arabia’s PIF signs MoUs worth up to US$51 billion with Japanese banks
SAUDI Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has signed five Memorandums of Understanding (MoU) with Japanese financial institutions worth up to an overall US$51 billion, it...
Japan’s SMBC has raised stake in Jefferies Financial to nearly 11%
JEFFERIES Financial Group said on Monday (Aug 12) that Japan’s Sumitomo Mitsui Banking Corp (SMBC) has more than doubled its stake in the US investment bank to 10.9 per cent, deepening an alliance dat...
Sumitomo Mitsui profit beats expectations on lending income
Net income climbed 50 per cent to 371.4 billion yen (S$3.32 billion) in the three months ended June 30
