News: Sumitomo Mitsui Trust Holdings Inc (8309.T)

8309.T on Tokyo Stock Exchange

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Tue, Dec 9 2014

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SMBC nears deal to buy Citi's Japan retail businesses: sources

- 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.

UPDATE 2-SMBC nears deal to buy Citi's Japan retail businesses-sources

* SMBC to buy Citi's Japan retail operations for about $330m - sources

UPDATE 1-Sumitomo Mitsui Trust to expand overseas property non-recourse loans

* Increasing overseas property non-recourse loans $2.9 billion

Sumitomo Mitsui Trust to expand overseas property non-recourse loans

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.

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