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Investment banking

SMFG in talks to invest $1bn in Barclays

By Michiyo Nakamoto in Tokyo

Published: June 20 2008 03:45 | Last updated: June 20 2008 19:23

One of Japan’s largest banks is considering taking a stake in Barclays as part of a quartet of large investors leading the banking group’s £4bn capital increase.

Sumitomo Mitsui Financial Group, which is considering a Y100bn ($962m) investment, is in talks with Barclays.

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