SMFG Oct 2024 7.500 call
- Reuters
Japan banks to begin divesting their strategic Toyota shareholdings, Bloomberg reports
Japan's two biggest banks will start divesting their strategic shareholdings in Toyota Motor - worth a combined $8.5 billion - and will seek to sell into the automaker's planned share buybacks, Bloomberg News reported on Friday, citing sources. Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG) have said they plan to sell down their cross-shareholdings over time.
- Bloomberg
Japan Likely Sold Treasuries to Fund Record Yen Intervention
(Bloomberg) -- Japan’s holdings of foreign securities dropped sharply in May, indicating that the government likely financed most of its recent record currency market intervention by selling Treasuries and other foreign securities and still has ample firepower to step into markets again. Most Read from BloombergReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopVietnam Tycoon Sentenced to Death Faces New Charges: Media
- Bloomberg
Sumitomo Mitsui Weighs Broader Expansion in India’s Low-Tax Hub
(Bloomberg) -- Sumitomo Mitsui Financial Group Inc. is hiring for its planned outpost in India’s low-tax hub, joining a cluster of global banks placing a bet on the nation’s answer to Singapore and Dubai.Most Read from BloombergBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayA Struggling Business Park Deals a Blow to Singapore's Regional Hub Ambitions‘Everything Is Not Going to Be OK’ in Private Equity, Apollo’s Co-President SaysNvidia Tops $3 Trillion in Market Value, Leapfrogging
