TOKYO, May 1 (UPI) -- Sumitomo Mitsui Financial Group, Japan's second-largest bank, agreed to buy two Citigroup Japanese units for $5.56 billion, the U.S. institution said Friday.
Citigroup said it will sell its brokerage and investment divisions to help raise capital ahead of the U.S. government's release of its so-called stress test of Citigroup's financial health, The New York Times reported.