Resona Holdings Inc (8308.T)
28 Apr 2017
Fri, Mar 3 2017
* Separately, SMFG to sell 37.2 mln shares in secondary offering (Adds details, context)
March 3 Sumitomo Mitsui Financial Group Inc and Resona Holdings Inc:
TOKYO, March 3 Japanese banks Sumitomo Mitsui Financial Group (SMFG) and Resona Holdings Inc said on Friday they have agreed to merge their regional lenders, as they face tough market conditions that are expected to worsen in the future.
TOKYO Sumitomo Mitsui Financial Group (SMFG) and Resona Holdings Inc are in talks to merge some of their units, sources said, in what would be the latest in a slow but steady wave of consolidation in Japan's regional banking industry.
* Japanese banks suffer weak loan demand, falling interest rates
TOKYO, Feb 20 Sumitomo Mitsui Financial Group (SMFG) and Resona Holdings Inc are in talks to merge their regional banks, sources with knowledge of the deal said on Monday.
* Says the co plans to buy 100 percent stake in Singapore-based firm AFC Merchant Bank in early 2017
* Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A" -R&I
* Says it to set up JV with Shiseido Co Ltd, for undertaking management of workplace nursery business