- Citigroup Inc is in the final stages of talks with Sumitomo Mitsui Banking Corp (SMBC) on the sale of its Japanese retail banking operations for about 40 billion yen ($334 million), sources with knowledge of the matter said.
TOKYO, July 29 - Sumitomo Mitsui Trust Bank plans
to increase its outstanding overseas property non-recourse loans
to 300 billion yen ($2.95 billion) by March 2017, from 50
billion yen now, a senior executive at Japan's fifth-largest
bank by assets said on Tuesday.