Staying Informed

Four Japan banks likely to bid for Citi's Japan retail unit-sources

Four banks including Sumitomo Mitsui Banking Corp (SMBC) are expected to participate in the second round of bidding for Citigroup Inc's unprofitable consumer banking business in Japan, bankers with knowledge of the matter said on Thursday. Sumitomo Mitsui Trust Bank (SMTB), Shinsei Bank and Resona Bank are also likely to participate in Friday's bidding round, said the bankers, who declined to be ...


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