City group, an American multinational1 banker, has agreed to sell its retail2 banking3 business in Japan to Sumitomo Mitsui Banking Corp or SMBC.
美国跨国银行花旗集团已同意将其日本小额银行事业部出售给三井住友银行。 SMBC is Japanese multinational banking and financial services netpany headquartered in Tokyo. The deal involves the sale of Citibank Japan's ATMs and 32 retail branches including 740,000 customer accounts and about 21 billion US dollars in foreign currency accounts to a trust bank subsidiary of SMBC. It said about 1,600 Citibank Japan employees in Japan will be transferred to SMBC, one of three Japanese mega-banks. The cost of the acquisition, which will close late next year, was not disclosed.
1 multinational adj.多国的,多种国籍的;n.多国籍公司,跨国公司 参考例句:
The firm was taken over by a multinational consulting firm.这家公司被一个跨国咨询公司收购。
He analyzed the relationship between multinational corporations and under-developed countries.他分析了跨国公司和不发达国家之间的关系。
2 retail v./n.零售;adv.以零售价格 参考例句:
In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。
3 banking n.银行业,银行学,金融业 参考例句:
John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
He possesses an extensive knowledge of banking.他具有广博的银行业务知识。