World Business Briefing | Asia: Japan: Citigroup Said to Weigh Stake
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Citigroup, the financial giant, is expected to announce an offer to increase its stake in the scandal-tainted Japanese brokerage company the Nikko Cordial Corporation, said a Nikko spokesman, Shigeyuki Teshima. The potential $5 billion deal would mark Citigroupâs resurgence in Japan. Nikko Cordial faces a delisting from the Tokyo stock exchange because of an accounting scandal. According to media reports, the talks are aimed at Citigroup raising its stake in Nikko to above 50 percent, from under 5 percent. A Citigroup spokeswoman, Atsuko Yoshitsugu, declined to comment.
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Citigroup (CN: Quote, Profile, Research) said on Monday it would shutter part of its Japanese trust business and promised sharper oversight of its remaining operations
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The Tokyo Stock Exchange said on Monday it had decided not to strip Nikko Cordial Corp.  of its share listing over an accounting scandal, a decision that could weaken Citigroup's  $10.8 billion takeover bid for the brokerage.
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Mizuho Financial Group Inc., Japan&#39;s biggest bank by assets, plans to partner Citigroup Inc.&#39;s Japanese investment banking venture to grab equity underwriting business from Nomura Holdings Inc.
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Mizuho Financial Group Inc , Japan's second-biggest bank, is in talks to invest more than $925 million in Merrill Lynch & Co Inc , sources said on Tuesday, amid speculation the U.S. bank is looking to further boost its capital.
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TOKYO/NEW YORK  - Citigroup Inc.  bid $10.8 billion for troubled Japanese securities firm Nikko Cordial Corp.  on Tuesday, as the largest U.S. bank looks to return to prominence in a country where it has suffered big losses.
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Citigroup is to revamp its Japanese private banking unit, creating a local committee to oversee operations, the Wall Street Journal reported.
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By Kyodo News International, Tokyo  Feb. 23--TOKYO -- Citigroup Inc. will sharply raise its equity stake in  the scandal-tainted Nikko Cordial Corp. group, industry sources said Friday.
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Citigroup Inc. has received approval from the Tokyo Stock Exchange to list its shares on the bourse effective Nov. 5, the U.S. banking giant said Monday.
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Goldman Sachs (GS.N: Quote, Profile, Research) is considering a tender offer for all shares in Takefuji Corp. (8564.T: Quote, Profile, Research) , Japan&#39;s
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Citigroup , which has been raising  funds since taking a huge hit from the U.S. subprime mortgage  meltdown, has sold its Japan headquarters to rival Morgan  Stanley  in a deal reportedly worth US$445 million.
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Japan's financial regulators may suspend or even end some private banking operations at the Japanese commercial banking unit of U.S. financial services firm Citigroup Inc., the Nihon Keizai newspaper said on Thursday.
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Investment banks Morgan Stanley  and Lehman Brothers  are among the bidders for a stake in Japanese house builder Daito Trust Construction Co , which may lead to a multibillion-dollar buyout, sources familiar with the deal said on Thursday.
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US investment banking giant Goldman Sachs has offered to buy stakes in Japan's biggest consumer finance firm Takefuji Corp. for more than 300 billion yen (2.8 billion dollars), a report said.
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Investment banks Morgan Stanley  and Lehman Brothers  are among the bidders for a stake in Japanese house builder Daito Trust Construction Co , sources familiar with the deal said, in what could stack up to be one of the biggest buyouts ever in Japan.
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TOKYO/NEW YORK, SEPTEMBER 17: Japan on Friday ordered Citigroup Inc. to close its Japanese private banking offices after uncovering a series of problems, including failing to prevent suspected money laundering.
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Citigroup  is likely to list its  Japan banking unit on the Tokyo Stock Exchange as early as  July, an online Japanese magazine said on Friday.