Venture Global CEO: LNG Supplies Remain Adequate Amidst Middle East Turmoil

Sumitomo Mitsui Financial is considering acquiring Jefferies Financial, its $8 billion U.S. investment banking partner, as it seeks to become more international. The deal would provide Sumitomo with more opportunities to deploy its balance sheet and gain expertise in U.S.-style stock trading, debt underwriting, and wealth management. However, a full-blown merger may not be imminent due to cultural differences and Jefferies' exposure to credit blowups.