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The Latest Breaking News from SMBC

Japanese Banking Giant Creates 'AI CEO' Using ChatGPT To Mimic Its Group Head: 'Sounds Like The Boss'

Sumitomo Mitsui Banking Corp. (NYSE:SMFG) has launched a ChatGPT-powered "AI CEO" that employees can ping for guidance, meant to mimic the thinking of Group CEO Toru Nakashima.

Benzinga

Legal fight over €2.5bn worth of aircraft stuck in Russia plays out in Dublin

World’s largest aircraft lessors and insurance firms battle over compensation for jets stranded after Ukraine invasion

The Guardian - UK

Win for banks over fugitive's 'audacious' $500m fraud

Westpac and two other banks can recoup funds taken through a $500 million fraud perpetrated by a fugitive former football club owner and his associates.

AAP

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Jefferies And Sumitomo Expand Alliance Into Canada

Jefferies and SMBC expand alliance into Canada to offer comprehensive investment banking solutions, leveraging strengths to capitalize on opportunities.

Top News

Air India borrows $120 million from Japan's SMBC to buy Airbus plane

SMBC provides USD 120 million loan to Air India for purchase of A350-900 aircraft from Airbus.

The Hindu

Russia explores buying stranded jets from Western leasing firms

Russian airlines have held exploratory talks with at least one major Western leasing firm about using state funds to buy some of the more than 400 aircraft stranded in Russia after its invasion of Ukraine, according to documents and sources.

Reuters

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Thailand 'base' for SMBC's growth

Japan's Sumitomo Mitsui Banking Corporation (SMBC) will adopt Thailand as its base for expansion in Southeast Asia in celebration of its 70th year of operations in the kingdom, it says.

Bangkok Post

Japan regulator orders brokerage to halt block trading

Japan's Financial Services Agency has ordered brokerage SMBC Nikko Securities to suspend its block trading operations for three months as part of penalties in a market manipulation case

The Independent UK

Nomura Joins Other Big-Name Financial Players To Back Blockchain Startup Fnality

Tokyo-based bank Nomura Holdings Inc. (NYSE: NMR) has invested in Fnality, a blockchain-based interbank payment and settlement network that is now sponsored by 17 major financial institutions.

Benzinga

SMBC touts Japanese interest in EEC

Japan-based Sumitomo Mitsui Banking Corporation (SMBC) is preparing to help Thailand encourage Japanese business people to invest in the Eastern Economic Corridor (EEC), a new high-tech industrial hub in the country.

Bangkok Post

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