Sumitomo Mitsui is taking over Citigroup's Japan brokerage businesses, both sides said Friday, as part of a bigger plan to restructure the struggling U.S. bank.
The deal is Japan's first acquisition of a leading brokerage by a bank.
Sumitomo Mitsui to buy brokerage from CitigroupCourtesy Newsvine - business Fri, 05/01/2009 - 02:32
Sumitomo Mitsui is taking over Citigroup's Japan brokerage businesses, both sides said Friday, as part of a bigger plan to restructure the struggling U.S. bank. Related itemsSumitomo Mitsui, Citigroup reach deal on brokerage
Sumitomo Mitsui Agrees to Buy Citigroup Businesses
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