trending Market Intelligence /marketintelligence/en/news-insights/trending/7tkp3xbrhl43tm-rxilwcg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Sumitomo Mitsui Banking to merge 4 units to cut costs

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Sumitomo Mitsui Banking to merge 4 units to cut costs

Sumitomo Mitsui Banking Corp. will combine four wholly owned units handling back-office operations in a bid to cut costs, The Nikkei reported March 22.

The new company will be named SMBC Delivery Service Co. Ltd. and the change will take effect April 1, the publication noted.

Sumitomo Mitsui Banking, a unit of Sumitomo Mitsui Financial Group Inc., also plans to invest in office automation to improve work efficiency, among other things.