Tag: $SMFG

SMFG, whose banking subsidiary Sumitomo Mitsui Banking Corporation holds a minority stake in Jefferies, has tasked a small team with making sure it is ready to act if Jefferies’ falling share price presents an opportunity

Sumitomo Mitsui Financial Group’s CEO said the firm may make more than 1.2 trillion yen ($7.65 billion) net profit in the year from next April, as a resurgent Japanese banking sector cashes in on efforts to diversify income sources abroad alongside interest rate normalisation.