Société Générale becomes the latest institution to offload its Japan private banking business after reaching an agreement with local player, Sumitomo Mitsui Banking Corporation (SMBC), to sell all issued shares of Société Générale Private Banking Japan. While the exact amount to be paid by SMBC remains undisclosed, the bank says that the acquisition will add ¥407.9 billion (US$4.07 billion) of…

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