Sumitomo Mitsui Financial Group Co., Ltd. (Japanese: Sumitomo Mitsui Financial Group), short for SMFG, is Japan. Its subsidiary sumitomo mitsui banking corporation Sumitomo Mitsui Credit Card Co., Ltd., sumitomo mitsui banking corporation Credit Co., Ltd., Japanese Research Institute Daiwa Sumitomo Bank Investment Consulting Co., Ltd., Daiwa Securities SMBC Co., Ltd., 2.71% of Bangmin Nikko Securities experienced the merger of the former Sumitomo Bank and Sakura Bank in December 22, and established Sumitomo Mitsui Financial Group (SMFG) through stock transfer. SMFG shares were immediately listed on the Tokyo Stock Exchange, Osaka Stock Exchange and Nagoya Stock Exchange. In February 23, Sumitomo Mitsui Credit Card Co., Ltd. (Sumitomo Mitsui Co., Ltd.), sumitomo mitsui banking corporation Credit Co., Ltd. (Sumitomo Mitsui Silver Co., Ltd.) and Japan Research Institute Co., Ltd. (Japan Research Institute) became wholly-owned subsidiaries of SMFG. In June 24, we reached a strategic cooperation agreement with Bangmin Finance (プロミス, the wholly-owned parent company of Hong Kong "Bangmin Japan Finance") in the consumer finance business (cooperation business began in April 25). In April 25, we reached a strategic cooperation agreement with NTT DoCoMo in the credit card business. (Part of SMFG's shares in Sumitomo Mitsui Credit Card Co., Ltd. were transferred to NTT DoCoMo. In July 25, Sumitomo Mitsui Credit Card issued new shares and distributed them to NTT DoCoMo with the third-party allocation. The cooperation business began in December 25) In September 26, SMBC Friend Securities Co., Ltd. (SMBCフレンド Securities Co., Ltd.) became a wholly-owned subsidiary of SMFG. In October 26, we reached an agreement with Sumitomo Corporation to continue the business in the rental and car rental business. On May 1, 29, Sumitomo Mitsui Financial Group acquired Nikko Cordial Securities Inc, a retail brokerage company under Citigroup, and the securities underwriting department of Nikko Citigroup Ltd at a price of 545 billion yen (about 42.7 billion Hong Kong dollars) (about 5.5 billion US dollars). The contents of the agreement include the complete takeover of Nikko Cordial Securities and partial takeover of investment bank NikkoCitigroup, which completed a series of transactions in January 28, and paid 1.6 trillion yen (US$ 16.17 billion %)
Japan マスタートラスト Trust Bank Co., Ltd. サービス Trust Bank 264,42 1.87
The Chase Manhattan Bank, N.A. London Secs Lending Omnibus Account 219, 97 1.55
SSBT OD5 China Treaty 88.15 million Comprehensive (suspected CIC) 181,411 1.28
State Street Bank and Trust Company 55223 (account number 55223 of State Street Trust Bank) 98, 94 1.33
State Street Bank and Trust Company 55225 97,4 1.31
Japan Life Insurance Company 154,666 1.9
Mellon Bank, N.A.As Agent for its
Client Mellon Omnibus Pension 147,614 1.4
The Chase Manhattan Bank 38536 (account 38536 of Chase Manhattan Bank) 73, 866 .99
Edit the company size in this paragraph
Sumitomo Mitsui Financial Group has four subsidiaries, including sumitomo mitsui banking corporation, Sumitomo Mitsui Leasing, Sumitomo Mitsui Credit Card Company and Japan Research Institute. Sumitomo Mitsui Financial Group is characterized by its personal banking business and lack of corporate business. Therefore, in the case of the merger of UFJ, I will not hesitate to put forward the conditions of 1: 1 equal merger. Its purpose is to expand corporate business, trust and securities business through UFJ Group. Sumitomo mitsui banking corporation, with total assets of 1 trillion yen, is the core enterprise of Japan's Mitsui Consortium and Sumitomo Consortium, and is the second largest commercial bank in Japan and one of the top ten commercial banks in the world. At present, it has established 37 overseas branches in 24 countries and regions around the world. Previously, sumitomo mitsui banking corporation had four branches in Shanghai, Tianjin, Suzhou and Guangzhou, and representative offices in Beijing, Dalian, Shenyang and Chongqing.
Edit a brief history of this paragraph
Sumitomo Life was founded in 197, which is subordinate to Sumitomo Group and is the third largest life and health insurance company in Japan. Sumitomo Group is the second largest group in Japan after Mitsubishi Group. At first, it was engaged in manufacturing. At present, its enterprises cover more than ten fields such as steel, machinery, motor, chemistry, real estate and finance. In 2, the original bank and property insurance company merged with the bank and property insurance company of Mitsui Group to form sumitomo mitsui banking corporation and Sumitomo Mitsui Marine Fire Insurance Company. Sumitomo Life is a mutual insurance company. At present, it has more than 4, salesmen and accumulated more than 7 million policyholders. In the Japanese life insurance market composed of 4 companies, Sumitomo Life occupies about 13% of the market share, and the subsidiaries of Sumitomo Group, such as NEC, are its customers. On March 17th, 23, sumitomo mitsui banking corporation Corp., two banks belonging to Sumitomo Mitsui Financial Group, announced the formal merger with Wakashio Bank (WB), and SMBC handed over the license to WB. After the merger, the new bank will still be named Sumitomo Mitsui Banking Corporation-tion. However, after the merger, WB will continue to operate banking business, while the original SMBC will be dissolved. The merger was approved by the Japanese government regulatory authorities on March 11th. Through the merger, the capital of the two banks can be reduced from 3 trillion yen before the merger to between 5 billion yen and 1 trillion yen, and the remaining 2 trillion yen surplus can be used to make up for the potential holding losses.