Sumitomo Mitsui Financial to raise JPY923 billion through share sale
Japan-based Sumitomo Mitsui Financial Group plans to raise JPY923 billion in new capital through share sale, according to reports.
Citigroup Inc. has completed the sale of its Japanese brokerage to Sumitomo Mitsui Banking Corp. in a $8.7 billion deal that advances the US bank's efforts to restructure after big losses on risky investments.