Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. are set to divest ¥1.32 trillion ($8.5 billion) in Toyota Motor Corp. shares. This strategic move aligns with Japan's push to reduce cross-held shares.
Jefferies Financial Group Inc. (NYSE:JEF) ("Jefferies") and SMBC Group announced today that they have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business