Firm Spotlight
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation (SMBC) and its group companies offer a broad range of financial services centered on banking.
KEY FACTS
Founded: 1996
Headquarters: Tokyo, Japan.
Products: Personal banking, Corporate banking, Investment banking
Website: www.smbc.co.jp
SUMITOMO MITSUI BANKING CORPORATION ON HITC
30 Of The Biggest Trading Losses Of All Time (ex-subprime related)
Here's a league table of 30 of the biggest trading losses of all time (excluding CDO losses post 2007).
Moelis & Co, Sumitomo Mitsui Banking Corporation, & SMBC Nikko Securities Strengthen Strategic Alliance
Moelis & Co, Sumitomo Mitsui Banking Corporation , and SMBC Nikko Securities Inc., a wholly-owned subsidiary of SMBC, has announced that they have signed an agreement to strengthen their existing business alliance, and for SMBC to invest approximately $93m in Moelis & Company.
Rogues and Fat Fingered Traders
We thought we'd take a quick look at those traders whose unauthorized actions have led to their firms incurring substantial losses, or worse - losses caused as a result of a foul-up.
Hiring Hot Spots
Here's a round up of some of what firms have been doing on the hiring front over the last few months, together with details of appointments to key positions.
More Hiring News
Bloomberg reports that Sumitomo Mitsui Financial Group plans to start brokerage businesses in both London and New York in the next 6 months through its Nikko Cordial Securities unit.
FROM THE WEB
- Reuters UK: TEXT-S&P summary: Mitsui Sumitomo Insurance (China) Co. Ltd.
- Reuters UK: TEXT-S&P summary: Mitsui Sumitomo Insurance Co. Ltd.
- Reuters UK: TEXT-S&P:Mitsui Sumitomo Insurance (Eu) unaffected by fine
- au.news.yahoo.com: Mindax axes Sumitomo deal, Pettit walks
- Reuters UK: FOREX-Euro rebound stalls, focus shifts to EU summit
- Bloomberg: Mitsui Sumitomo Insurance Fined $5.3 Million by U.K. FSA
- Wall Street Journal: Mitsui, Sumitomo Earnings Rise
- Financial Times: Man Group to acquire rival FRM
- msnbc.com: Markets extend gains on value hunt, hopes for EU summit
- Reuters India: Global markets extend gains on bargain hunting
- Reuters UK: Aramco launches Jizan, bidders revise Rabigh offer
- Reuters UK: CORRECTED-Aramco launches Jizan, bidders revise Rabigh offer
- Reuters India: Global markets extend gains on value hunt
- BBC News: Japan's top banks forecast tough year
- Reuters UK: UPDATE 3-Japan seeks 15 pct summer power savings in west
