Market Chatter: Sumitomo Mitsui Financial Weighs Lifting Jefferies Stake to Around 20%

MT Newswires Live
Sep 18

Sumitomo Mitsui Financial Group (SMFG) is considering investing more than 100 billion yen ($677 million) in Jefferies Financial Group (JEF), increasing the Japanese lender's stake in the US investment bank to about 20% from 15%, Bloomberg reported Thursday, citing people familiar with the matter.

Jefferies did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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