trending Market Intelligence /marketintelligence/en/news-insights/trending/k4eml2GNtEEsAK2cywW7Yw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Sumitomo Mitsui Financial considering deals for Asian banks

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Sumitomo Mitsui Financial considering deals for Asian banks

Sumitomo Mitsui Financial Group Inc. plans to acquire banks in emerging Asia with its US$12 billion in surplus capital, Reuters reported Dec. 25, citing President and CEO Takeshi Kunibe.

The Japanese financial group is looking to offer full banking services, including retail banking services, Kunibe told the newswire, adding that Sumitomo Mitsui is unlikely to establish retail banking operations from scratch, so the company is likely to acquire local banks in the region.

Sumitomo Mitsui recently obtained approval from Indonesia's Financial Services Authority to merge PT Bank Tabungan Pensiunan Nasional Tbk with local unit PT Bank Sumitomo Mitsui Indonesia.

In the meantime, while Sumitomo Mitsui would benefit strategically from purchasing a U.S. bank, such an acquisition is not a priority for the company as deal prices would be too high, Kunibe said.

Moreover, the Japanese company is also considering acquisitions in other segments such as asset management and investment banking, with boutique M&A advisory firms as potential target companies, Reuters said.