Crossroads

At the intersection of technology, finance and the Pacific Rim.

Friday, June 20, 2008

Sumitomo Mitusi

The FT Blog, Alphaville, reported the following:

"Sumitomo Mitsui bank, one of Japan’s largest banks, is in talks with Barclays to invest about Y100bn ($930m) for a small equity stake in the UK bank as part of Barclays plan to raise £4bn in fresh capital. "

I am not in such a good situation to second guess the thinking but we will discuss this type of investment philosophy this week.

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