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SMBC discloses $560 million loss in sale of rail car leasing business to ITE

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Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

Sumitomo Mitsui Financial Corp. 8316, -0.71% said Tuesday it would take an after-tax loss of $560 million in its sale of

Rail Services to ITE Management LP were not immediately disclosed.

 

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