10Vote!
The Business Insider (Free subscription) | 11/24/2009
S&P is out with a new look at the health of the banking system that gets beyond traditional metrics of capitalization and leverage. The Telegraph's Ambrose Evans-Pritchard reports : Every single bank in Japan, the US, Germany, Spain, and Italy included in S&P's list of 45 global lenders fails the 8pc safety level under the agency's risk-adjusted capital (RAC) ratio. Most fall woefully short....
3Vote!
Financial Times (Free subscription) | 11/13/2009
Mizuho Financial Group sold off some of its stock portfolio to return to profit in the second quarter, keeping its earnings forecast for the year, while rival Sumitomo Mitsui Financial Group’s first-half profit jumped thanks to lower credit provisions
5Vote!
Law Blog - WSJ.com (Free subscription) | 11/06/2009
Sumitomo Trust and Chuo Mitsui Trust have reached a basic accord to merge, creating Japan's largest trust bank with trust assets of about $1.28 trillion.
3Vote!
Financial Times (Free subscription) | 11/06/2009
Sumitomo Trust & Banking and Chuo Mitsui Trust said they are in merger talks to create Japan’s fifth largest bank by assets
5Vote!
Law Blog - WSJ.com (Free subscription) | 10/27/2009
In a deal that could create Japan's largest trust bank by trust assets, Sumitomo Trust and Chuo Mitsui are in advanced talks to merge in early 2011.
5Vote!
CEOWORLD Magazine (Free subscription) | 10/14/2009
Japan’s Sumitomo Mitsui Financial Group Inc. (TYO:8316) will focus on boosting retained earnings in the foreseeable future and try to avoid diluting its shares, President Teisuke Kitayama said Wednesday. “It is our intention to avoid further dilution of our common stock,” Mr. Kitayama said in an interview with The Wall Street Journal. “We’d like to make [...]
4Vote!
Bloomberg (Free subscription) | 10/07/2009
Oct. 6 (Bloomberg) -- Asian stocks rose for a second day, led by mining companies and banks, as gold prices surged to a record and brokerages upgraded companies including Sumitomo Mitsui Financial Group.
5Vote!
Reuters (Free subscription) | 10/01/2009
NEW YORK (Reuters) - Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group, one more step in the U.S. bank's plans to recoup losses from the financial crisis.
3Vote!
Financial Times (Free subscription) | 09/04/2009
Sumitomo Mitsui Financial Group is poised to pull out of Daiwa SMBC, following its failure to increase its stake in the investment banking joint venture with Daiwa Securities
3Vote!
Financial Times (Free subscription) | 09/04/2009
Sumitomo Mitsui Financial Group is poised to pull out of Daiwa SMBC, following its failure to increase its stake in the investment banking joint venture with Daiwa Securities
5Vote!
Law Blog - WSJ.com (Free subscription) | 09/04/2009
Daiwa Securities Group and Sumitomo Mitsui Financial Group are close to reaching a final agreement to dissolve their 10-year partnership in Daiwa Securities SMBC.
5Vote!
Forbes (Free subscription) | 08/25/2009
Sumitomo Mitsui, Mizuho dip on news of capital raising; Foster's ekes out profit gain.
4Vote!
GuruFocus Updates (Free subscription) | 07/24/2009
David Dreman , the renowned contrarian investor, had a forgetable 2008. His idea is "that we accumulate useful resources, such as crude for our strategic oil reserve. This would create new jobs, halt a deflationary spiral and give us some protection against the next international oil crisis." David Dreman owns 297 stocks with a total value of $3.1 billion. This is his Q2 portfolio update....
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Business Wire (Free subscription) | 06/24/2009
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit rating (ICR) of “aa” of Mitsui Sumitomo Insurance Company Limited (MSI)