Japan's SMFG to buy 5% of Jefferies for $380 million -sources

Reuters2021-07-14

TOKYO (Reuters) -Sumitomo Mitsui Financial Group Inc plans to buy 5% of Jefferies Financial Group Inc shares for about $380 million, seeking to strengthen its securities business in the United States,...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

me0w9
2021-07-14
me0w9
nice
- Feralslash:
  Yes it is
neojw1505
2021-07-14
neojw1505
Ez
ShirLuck
2021-07-14
ShirLuck
Great!
PickaChew
2021-07-14
PickaChew
Pls gimme a like
GavinOSW
2021-07-14
GavinOSW
Great sharing
monkey23
2021-07-14
monkey23
Weldone

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1114071046?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-14 20:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1114071046","market":"us","top_or_hot":-1,"title":"Japan's SMFG to buy 5% of Jefferies for $380 million -sources","media":"Reuters","content":"<div>\n<p>TOKYO (Reuters) -Sumitomo Mitsui Financial Group Inc plans to buy 5% of Jefferies Financial Group Inc shares for about $380 million, seeking to strengthen its securities business in the United States,...</p>\n\n<a href=\"https://www.reuters.com/article/jefferies-smfg/update-4-japans-smfg-to-buy-nearly-5-of-jefferies-for-386-mln-idUSL1N2OQ06E\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Japan's SMFG to buy 5% of Jefferies for $380 million -sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJapan's SMFG to buy 5% of Jefferies for $380 million -sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 20:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/jefferies-smfg/update-4-japans-smfg-to-buy-nearly-5-of-jefferies-for-386-mln-idUSL1N2OQ06E><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOKYO (Reuters) -Sumitomo Mitsui Financial Group Inc plans to buy 5% of Jefferies Financial Group Inc shares for about $380 million, seeking to strengthen its securities business in the United States,...</p>\n\n<a href=\"https://www.reuters.com/article/jefferies-smfg/update-4-japans-smfg-to-buy-nearly-5-of-jefferies-for-386-mln-idUSL1N2OQ06E\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMFG","symbol_name":"三井住友金融","start_time":0,"source_url":"https://www.reuters.com/article/jefferies-smfg/update-4-japans-smfg-to-buy-nearly-5-of-jefferies-for-386-mln-idUSL1N2OQ06E","article_id":"1114071046","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114071046","pubTimestamp":1626267090,"sourceInfo":null,"weMediaInfo":null,"summary":"TOKYO (Reuters) -Sumitomo Mitsui Financial Group Inc plans to buy 5% of Jefferies Financial Group In","collect":0,"end_time":0,"defaultTopTitle":"reuters.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SMFG":"三井住友金融"},"translate_title":"日本SMFG将以3.8亿美元收购杰弗里斯5%的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SMFG":0.9},"content_text":"TOKYO (Reuters) -Sumitomo Mitsui Financial Group Inc plans to buy 5% of Jefferies Financial Group Inc shares for about $380 million, seeking to strengthen its securities business in the United States, two sources familiar with the matter said.\nJapan’s second-biggest lender by assets said in a statement it was considering capital ties with New York-based Jefferies and would make an announcement when a deal was agreed.\nUnder the planned deal, SMFG would also be able to lend to Jefferies’ customers in the United States, according to the sources who declined to be identified as the information has not been made public.\nThe move is part of SMFG’s effort to create a foothold in the United States where its unit SMBC Nikko Securities has a small presence.\nSMFG currently doesn’t have any capital alliance with financial firms in the United States, according to the bank. While its predecessor bank invested in Goldman Sachs Group Inc in 1986, it has already severed the capital tie-up.\nIn contrast, its bigger rival Mitsubishi UFJ Financial Group Inc invested $9 billion in Morgan Stanley after global financial crisis in 2008. MUFG owns about 20% of the Wall Street bank.\nSpurred on by limited business opportunities at home where interest rates are ultra low and the population is rapidly ageing, SMFG has announced a raft of deals this year - primarily in Asia.\nThis month, it announced plans to buy a 74.9% stake in Fullerton India for $2 billion.\nSMFG also agreed last month to invest in Philippine bank Rizal Commercial Banking Corporation, and in April it said it would invest in Vietnam’s biggest non-bank lender FE Credit.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":144142211,"gmtCreate":1626273157233,"gmtModify":1703756889393,"author":{"id":"3555592973484170","authorId":"3555592973484170","name":"me0w9","avatar":"https://static.tigerbbs.com/2f190cb4700e118382cb7020aa7a7256","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3555592973484170","authorIdStr":"3555592973484170"},"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144142211","repostId":1114071046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5219317,"gmtCreate":1626273766469,"gmtModify":1663230967837,"authorId":3563879210126726,"author":{"id":3563879210126726,"idStr":"3563879210126726","authorId":3563879210126726,"name":"Feralslash","avatar":"https://static.tigerbbs.com/f64fb3ffb150e51fdfef262d1adf6550","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144142211,"type":1,"supId":0,"prevId":0,"content":"Yes it is","text":"Yes it is","html":"Yes it is"}],"langContent":"EN"},{"id":144160353,"gmtCreate":1626271931672,"gmtModify":1703756834601,"author":{"id":"3568583676035779","authorId":"3568583676035779","name":"neojw1505","avatar":"https://static.tigerbbs.com/e2e0b4e23e3f6fc53dfbbf43be028e93","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568583676035779","authorIdStr":"3568583676035779"},"htmlText":"Ez","listText":"Ez","text":"Ez","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144160353","repostId":1114071046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144345514,"gmtCreate":1626270062338,"gmtModify":1703756747071,"author":{"id":"4088987993426050","authorId":"4088987993426050","name":"ShirLuck","avatar":"https://static.tigerbbs.com/e92d559726fc05ff1d2d2f9fe3bef0b4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4088987993426050","authorIdStr":"4088987993426050"},"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144345514","repostId":1114071046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144325758,"gmtCreate":1626269505074,"gmtModify":1703756720386,"author":{"id":"3575623648551699","authorId":"3575623648551699","name":"PickaChew","avatar":"https://static.tigerbbs.com/e64125a635ce42e8dfd601284ad29438","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575623648551699","authorIdStr":"3575623648551699"},"htmlText":"Pls gimme a like","listText":"Pls gimme a like","text":"Pls gimme a like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144325758","repostId":1114071046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144361916,"gmtCreate":1626268680035,"gmtModify":1703756700447,"author":{"id":"3583727297283060","authorId":"3583727297283060","name":"GavinOSW","avatar":"https://static.tigerbbs.com/05358c7b0e32523af6f61f2b3326541f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583727297283060","authorIdStr":"3583727297283060"},"htmlText":"Great sharing","listText":"Great sharing","text":"Great sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144361916","repostId":1114071046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144388983,"gmtCreate":1626268186942,"gmtModify":1703756687103,"author":{"id":"4087545860138200","authorId":"4087545860138200","name":"monkey23","avatar":"https://static.tigerbbs.com/4c290d1019f32cb97c9f44c85feba4cc","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4087545860138200","authorIdStr":"4087545860138200"},"htmlText":"Weldone","listText":"Weldone","text":"Weldone","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144388983","repostId":1114071046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":66,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1114071046"}