Net business profit before credit costs rose 64% year-over-year, with net income up 56% and strong contributions from fee-based businesses and gains on strategic shareholdings. Segment profits grew across wealth management, corporate, asset management, and real estate, while asset quality and capit…
By Fabiana Negrin OchoaJapan's Sumitomo Mitsui Trust Bank is taking a 15% stake in global infrastructure investment manager Morrison as part of a roughly $2.0 billion long-term strategic partnership.Under the agreement, the lender will make an initial $500 million commitment to two of the New Zeala…
The trust bank unit of Japan's Sumitomo Mitsui Trust Group TSE:8309 will acquire a 15% stake in infrastructure investment manager Morrison and make a $500 million initial commitment to two Morrison strategies, the companies said on Tuesday.The return of inflation is encouraging Japanese investors t…
