Jul
03
Sumitomo Mitsui Financial Group and UK banking giant Barclays said on Thursday they would jointly launch a wealth management business in Japan, targeting individuals with at least 500 million yen ($5.7 million) to invest.
Japan’s third-largest bank by assets acquired a 2 percent stake in Barclays for about $1 billion in 2008 and the two have been preparing to start a private banking business in Japan. Source
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