text: Sumitomo Mitsui bid for UFJ to test cost-cutting skills TOKYO: Sumitomo Mitsui Financial Group Inc #39;s US\$29bil hostile bid for UFJ Holdings Inc may hinge on its ability to convince shareholders that it can cut costs and bad loans at Japan #39;s most unprofitable bank, investors said.
inputs: Sumitomo Mitsui bid for UFJ to test cost-cutting skills TOKYO: Sumitomo Mitsui Financial Group Inc #39;s US\$29bil hostile bid for UFJ Holdings Inc may hinge on its ability to convince shareholders that it can cut costs and bad loans at Japan #39;s most unprofitable bank, investors said.