Japanese banking giant Sumitomo Mitsui Banking Group is boosting its stake in Yuchengco-led Rizal Commercial Banking Corp. (RCBC) to 20 percent through a P27-billion investment. In a stock exchange filing on Thursday, RCBC said the deal would provide crucial capital amid its plans to aggressively expand its corporate, consumer and retail businesses. It would also … Continue reading Japan’s Sumitomo Mitsui raises stake in RCBC via P27-B deal