Analyst: Japanese bank might be interested in stake in Huntington o...

Full story: Columbus Dispatch

Sumitomo Mitsui Financial Group, the Japanese bank looking to buy a stake in a U.S. lender, may consider Ohio's Huntington Bancshares, KeyCorp or Fifth Third Bancorp as potential targets, said Jeff Davis, an analyst at Guggenheim Securities.
Comments
1 - 12 of 12 Comments Last updated Jul 14, 2010
Lolita Shih Tzu

Columbus, OH

|
Report Abuse
|
Judge it!
|
#1
Jul 8, 2010
 
Augh, nooo!
These guys are unstoppable! They own the electronic industry and now they are moving into the banks. Their successful economy allows them to buy abroad anything they want.
Why can't we learn from them???
Tooth Hurty

Saint Joe, IN

|
Report Abuse
|
Judge it!
|
#2
Jul 8, 2010
 
Will they finance my dentist office?
no not again

Delaware, OH

|
Report Abuse
|
Judge it!
|
#3
Jul 8, 2010
 

Judged:

2

1

1

if they buy my bank i wiil change to an american owned bank. it is a pain to change banks but sometimes you have to make a point.
Nick

Columbus, OH

|
Report Abuse
|
Judge it!
|
#4
Jul 8, 2010
 

Judged:

1

It's a "stake" in the bank, not the whole bank. And Japan's economy is in as bad a shape as ours. They can't afford to buy us all up. Calm down, folks. International investment in America is not necessarily a bad thing.
Obozo the Clown

Healdsburg, CA

|
Report Abuse
|
Judge it!
|
#5
Jul 8, 2010
 
Huntington Bank sucks. Why would they want to invest in a bank that sucks?

Since: Jan 10

Dublin, OH

|
Report Abuse
|
Judge it!
|
#6
Jul 8, 2010
 
The US trade deficit for 2008-2009 alone was $1.076 TRILLION dollars. That's money leaving the US to foreign companies, investors, or governments.

Eventually that money makes it back to the US in the form of foreign investment. Unfortunately that means US companies get bought out by foreign companies. Think Anheuser-Busch, CITGO, Frigidaire, Caribou Coffee, Church's Chicken, Trader Joe's, 7-Eleven, Holiday Inn, Dial Soap, T-Mobile, Firestone, etc. All now owned by foreign companies or governments.
Parasite Government

Columbus, OH

|
Report Abuse
|
Judge it!
|
#7
Jul 8, 2010
 

Judged:

1

Japanese banks have suffered for decades from carrying overvalued real estate assets on their books that cannot be sold at the values carried.

In response, their government held rates low, and did massive government deficit spending on "public works" and stimulus. Today their economy is in the doldrums, only the national treasury is broke.

Sound familiar?
upset

Mount Vernon, OH

|
Report Abuse
|
Judge it!
|
#8
Jul 8, 2010
 
Here we go!
Keiretsu Exports Jobs

Cincinnati, OH

|
Report Abuse
|
Judge it!
|
#9
Jul 8, 2010
 

Judged:

1

1

1

Half the cars on the road are driven by collaborators exporting dollars to convert to yen.
oldster

Columbus, OH

|
Report Abuse
|
Judge it!
|
#10
Jul 9, 2010
 
If that happens I'll switch to an Americal owned bank.
The Red Raider

Galloway, OH

|
Report Abuse
|
Judge it!
|
#11
Jul 10, 2010
 
the japs are takin over
loven it

Columbus, OH

|
Report Abuse
|
Judge it!
|
#12
Jul 14, 2010
 
Hope it's Huntington...they already treat their employees like crap, wait until they merge....I will pray this happens so good people that work there will be smart enough to stop drinking the Huntington kool-aid and get out.

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent Fifth Third Bancorp Discussions

Search the Fifth Third Bancorp Forum:
Title Updated Last By Comments
Fifth Third Bank loses $202 million (Jul '08) 4 hr mat 217
Banks to stop loans on direct deposits (Jan '14) Jan '14 Joe 3
Fifth Third 1Q earnings growth tops estimates (Apr '13) Apr '13 The Duke of Hazard 2
FDIC to look at payday lending by banks (Jun '12) Aug '12 Online banking 2
Fifth Third is Dumping Assets (Apr '12) Apr '12 levi 1
Top of the list: Largest downtown Cincinnati of... (Feb '12) Feb '12 fifth third bank fails 1
Kasich plans lower Ohio bank taxes (May '11) May '11 Ohio Wrangler 1
•••
•••