SMFG said to have no immediate plan to take over Jefferies (JEF), Bloomberg reports

Newsquawk StaffPublished
Newsquawk headlinesUTC

Every headline is on the live feed 20 minutes before this site.

Canadian Manufacturing Sales MoM Prel (Feb) M/M 3.8%

Nvidia (NVDA) in talks to invest in AI startup Sarvam, according to MoneyControl; Sarvam in talks to raise USD 200-250mln

SMFG said to have no immediate plan to take over Jefferies (JEF), Bloomberg reports

US ADP Employment Change Weekly 10K (prev. 9.00k)

11 potential borrowers are considering US IG bond sales on Tuesday, according to a Bloomberg survey

On the Newsquawk feed at , 20 minutes before this page.

Use the PlatformFree. No signup, no card.

Context

This report indicates that SMFG has no current intentions of pursuing a takeover of Jefferies, which may provide stability for Jefferies' stock in the short term. Investors should consider the implications of this news on market sentiment and the potential for further M&A activity in the sector, especially considering recent trends in financial services. The absence of a deal removes uncertainty but may influence related entities based on the competitive landscape.

Related headlines

The feed had this first.

Use the Platform