Goldman Sachs looks set to sever its financial ties to Sumitomo Mitsui Financial Group, putting an end to a see-sawing relationship that began in the late 1980s.
The Goldman move is part of a planned Y888.9bn ($9.6bn) capital raising by Japan's second-biggest bank.
Under yesterday's deal, Goldman will convert $1.1bn of preferred shares – a hybrid of debt and equity that paid the US bank a high dividend – in SMFG into common shares over the next 12 months.
您已阅读29%（457字），剩余71%（1118字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。