Monday, November 10, 2014

Japan's second largest bank in talks with RBS to buy US retail bank



Tokyo night scene Akihabara Copyright Peter Hanami 2006
Picture: Tokyo night scene Akihabara 



"Japan's Sumitomo Mitsui Financial Group (Japan's second largest bank) is in preliminary talks with Royal Bank of Scotland Group about buying RBS's US Retail bank...1400 branches..$US 122 billion in assets in 12 states"




Source: Sumitomo courts RBS for attractive  US assset
Wall Street Journal
The Australian Newspaper
Wednesday 26th March 2014 page 21