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The Latest Breaking News from SMBC

Yes Bank sees Indians tip-toeing back to deposits

Indian households are reportedly shifting savings back to bank deposits due to weak stock markets and geopolitical concerns. This trend could benefit lenders facing intense competition for credit demand, as bank credit growth outpaces deposit increases. The move signals a potential return to traditional fixed deposits amid equity market volatility.

The Economic Times

China out, India in? The Japanese begin a quiet but powerful pivot

Japanese banks are increasingly shifting their Asia strategy from China to India and Southeast Asia as slowing growth, rising costs and geopolitical risks reduce China's appeal. Over the past five years, Japanese regional banks have cut their branch presence in China by about 20%, while lending by Japan's three megabanks…

The Economic Times

If You Enjoy Smart Humor, These 50 New ‘Saturday Morning Breakfast Cereal’ Comics Might Be Exactly Your Thing

Over the years, Weinersmith has developed a distinctive style built around a simple premise: take an idea people think they understand, whether it's love, technology, morality, evolution, economics, or parenting, and push it one logical step further than anyone expects. His humor often feels less like a joke and more…

Bored Panda

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50 New ‘Saturday Morning Breakfast Cereal’ Comics About Life, Science, And Everything In Between

Humor that feels fresh, a little unpredictable, and deeply satisfying. If you enjoy comics that make you think as much as they make you laugh, SMBC is definitely worth your time.

Bored Panda

AerCap Secures $107 Million Insurance Payout For Five Russia-Stranded Jets

AerCap Holdings (NYSE:AER) shares traded slightly lower on Friday after the aircraft lessor disclosed fresh insurance recoveries tied to jets stranded in Russia and not returned following the 2022 invasion of Ukraine.

Benzinga

Jefferies And SMBC Plot Bold Push Into Global Capital Markets

Jefferies Financial Group Inc. (NYSE:JEF) and Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG), along with Sumitomo Mitsui Banking Corporation and SMBC Nikko Securities Inc., unveiled a sweeping expansion of their global strategic alliance on Friday.

Benzinga

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

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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

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

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

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The Independent UK

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

Benzinga

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.

Bangkok Post

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.

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