Jefferies (JEF) Deepens Strategic Alliance With SMBC in Canada

Jefferies Financial Group Inc. (JEF) announced a deepening of its global strategic alliance with Japan-based SMBC Group. This initiative focuses on enhancing cooperation within the Canadian market regarding corporate and investment banking business opportunities. This move aligns with the trend of U.S. investment banks increasing their efforts in Canada to gain a competitive edge.SMBC Group consists of Sumitomo Mitsui Financial Group, Inc. (SMFG) , Sumitomo Mitsui Banking Corporation (“SMBC”), SMBC Nikko Se ...