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The Rhode Island bank continues to build out a national consumer banking platform, while also reducing its exposure to higher-risk asset classes as the economic outlook darkens.
Sumitomo Mitsui Banking Corp.'s new consumer-focused digital bank will be born out of its Manufacturers Bank subsidiary — a relatively small commercial bank with nine branches and no consumer business to speak of.
Sumitomo Mitsui Banking Corp.'s planned subsidiary will focus on consumers, marking a major departure for a company that has focused almost exclusively on commercial lending.
24.08.2022 - Sumitomo Mitsui Financial Group, Inc. ('SMFG”, President and Group CEO Jun Ohta, together with subsidiaries “SMBC Group”) announced today that it will strengthen its presence in the U.S. with a new digital consumer banking business. Jenius Bank will ...
Bread Savings and Bask Bank are online banks with high-yield savings accounts that pay over 1.50% APY right now.