Sumitomo Mitsui to Expand Overseas

The video discusses the challenges faced by Japanese banks, particularly Sumitomo, due to low loan profitability at home. Sumitomo plans to expand its securities business in the US and Europe by hiring more staff and leveraging relationships with non-Japanese firms. The goal is to increase profits and improve global competitiveness. An analyst highlights Sumitomo's potential for growth in overseas securities, despite being behind its peers in the underwriting league tables.

What challenges are Japanese banks facing in terms of loan profitability?

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How many people is Sumitomo looking to hire to boost their security operations?

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What is the end goal of Sumitomo's strategy regarding their top line growth profit?

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What steps is Sumitomo taking to enhance cooperation between their banking and securities units?

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In what areas does Sumitomo see potential for growth compared to its competitors?

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