June 02, 2014

Japan's second largest bank in talks to buy RBS 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

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