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

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. Full Story
Lolita Shih Tzu

Columbus, OH

#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

#2 Jul 8, 2010
Will they finance my dentist office?
no not again

Delaware, OH

#3 Jul 8, 2010
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

#4 Jul 8, 2010
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

Windsor, CA

#5 Jul 8, 2010
Huntington Bank sucks. Why would they want to invest in a bank that sucks?

Since: Jan 10

Dublin, OH

#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

#7 Jul 8, 2010
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

Bluffton, OH

#8 Jul 8, 2010
Here we go!
Keiretsu Exports Jobs

West Chester, OH

#9 Jul 8, 2010
Half the cars on the road are driven by collaborators exporting dollars to convert to yen.
oldster

London, OH

#10 Jul 9, 2010
If that happens I'll switch to an Americal owned bank.
The Red Raider

Galloway, OH

#11 Jul 10, 2010
the japs are takin over
loven it

Columbus, OH

#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.

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