Comments on: Citigroup Sells Japanese Brokerage in Effort to Appease Government Regulators

By: What TARP Banks Are Investment Grade?

What TARP Banks Are Investment Grade? — Wed, 17 Jun 2009 11:17:06 +0000

[...] a $300 billion guarantee of its assets. It has been forced to sell some of its major subsidiaries, including Japanese broker Nikko Cordial Securities, which it bought only two years ago. Its chief executive officer, Vikram S. Pandit, cost Citi $600 [...]

By: Bank Stress Tests: The Results Are in; Now What?

Bank Stress Tests: The Results Are in; Now What? — Fri, 08 May 2009 09:31:02 +0000

[...] has agreed to sell Nikko Cordial Securities to Sumitomo Mitsui Financial Group (OTC: SMFJY) for about $5.5 billion. The deal, which is to be completed by Oct. 1, is expected to [...]

By: Bank Stress Tests Turn Up 10 Banks That Need More Capital

Bank Stress Tests Turn Up 10 Banks That Need More Capital — Thu, 07 May 2009 16:29:14 +0000

[...] Friday, Citigroup agreed to sell Nikko Cordial Securities to Sumitomo Mitsui Financial Group (OTC: SMFJY) for about $5.5 billion. The deal, which is to be completed by Oct. 1, also includes a [...]

By: Bank Stress Tests Results Leaked

Bank Stress Tests Results Leaked — Thu, 07 May 2009 16:12:32 +0000

[...] has agreed to sell Nikko Cordial Securities to Sumitomo Mitsui Financial Group (OTC: SMFJY) for about $5.5 billion. The deal, which is to be completed by Oct. 1, and is expected [...]

By: Motivations Abound for Federal Reserve's Delayed Release of Bank Stress Test Results

Mon, 04 May 2009 09:44:23 +0000

[...] Friday, Citigroup agreed to sell Nikko Cordial Securities, its Japanese brokerage arm to Sumitomo Mitsui Fin… (OTC: SMFJY) for about $5.5 billion. The deal, which is to be completed by Oct. 1, also includes a [...]