• Kyodo


Sumitomo Mitsui Banking Corp. said Monday that subsidiary SMBC Trust Bank will absorb Citigroup Inc.’s consumer banking business in Japan on Nov. 1.

SMBC had previously said SMBC Trust Bank would complete the consolidation with Citibank Japan Ltd.’s retail operations in October, but it pushed back the schedule to ensure a smooth shift to the new system.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.