Hope Bancorp Unit Completes Acquisition of SMBC MANUBANK's Commercial Banking Segment

MT newswire2026/10/01 13:42

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09:42 AM EDT, 10/01/2026 (MT Newswires) -- Hope Bancorp's (HOPE) Bank of Hope unit has completed the acquisition of the commercial banking segment of SMBC MANUBANK, according to a Thursday statement. SMBC MANUBANK is a subsidiary of SMBC Americas Holdings and Sumitomo Mitsui Banking, Hope Bancorp said. In connection with the acquisition's closing, Bank of Hope and SMBC's previously announced partnership deal has become effective, under which Bank of Hope will provide financial solutions to SMBC's Japan-based customers in the US, according to the statement. Price: 13.22, Change: -0.07, Percent Change: -0.56

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The "Future Investment Initiative" summit in Saudi Arabia, known as the "Desert Davos," has announced its postponement. The 10th edition of the event, originally scheduled to take place in Riyadh from October 26 to 29, has been postponed until 2027. The delay is due to ongoing attacks by Houthi forces targeting locations within Saudi Arabia, including Riyadh Airport and the Saudi Aramco headquarters. According to the draft agenda, planned attendees included senior executives from financial giants such as Goldman Sachs, JPMorgan, and Blackstone.

华尔街见闻•2026/10/19 21:01