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 Japanese SMFG to purchase $334m Citigroup business

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PostSubject: Japanese SMFG to purchase $334m Citigroup business   Tue 09 Dec 2014, 2:54 pm

TOKYO: Japanese bank holding company Sumitomo Mitsui Financial Group Incorporation will announce as soon it will buy Citigroup Incís Japanese consumer banking business.
Japanís second biggest bank SMFG by market value will buy the business for about 40 billion yen ($334 million).
Japanese Other companies are interested in acquiring Citigroupís card unit, but the bank has no plans to negotiate with them.
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