Japan’s second-biggest lender isn’t engaged in such talks with the Wall Street lender, the people said, asking not to be identified discussing private information. Executives at SMFG are conscious of various obstacles to any moves to further integrate Jefferies, including regulatory hurdles, they said.
WATCH: Bloomberg’s Katherine Doherty reacts to the reports about Japanese bank Sumitomo Mitsui Financial Group potentially taking over Jefferies Financial Group. Source: Bloomberg
The Financial Times, citing people it didn’t name,