Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Fed Approves Sumitomo Buying 9.9% of Bank of East Asia Shares

Oct. 31 (Bloomberg) -- The Federal Reserve said it approved an application by Sumitomo Mitsui Financial Group Inc. and Sumitomo Mitsui Banking Corp. to buy as much as 9.9 percent of the voting shares in The Bank of East Asia.

Both Sumitomo Mitsui firms are based in Tokyo, and Bank of East Asia is based in Hong Kong, the Fed said today in a statement released in Washington.

To contact the reporter on this story: Jeff Kearns in Washington at jkearns3@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.