UPDATE2: Sumitomo Mitsui to take 10% stake in SBI Holdings for 79 bil. yen

Sumitomo Mitsui Monetary Group Inc. mentioned Thursday it can purchase a roughly 10 p.c stake in Japanese web monetary large SBI Holdings Inc. in a deal value 79.6 billion yen ($585 million) to strengthen its on-line brokerage service. By the capital alliance, the 2 monetary giants goal to broaden their buyer base by making use … Read more