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| | ABC News: Sumitomo Mitsui Expects Loss of $2.29B (Site not responding. Last check: 2007-10-13) |
 | | Sumitomo Mitsui said its core unit Sumitomo Mitsui Banking Corp. had planned to write off 650 billion yen ($6.19 billion) in bad loans this fiscal year, but now plans to book a total 950 billion yen ($9.05 billion) in write-off costs. |
 | | Sumitomo Mitsui, Japan's third largest bank, said its group capital adequacy ratio, an indicator of financial strength, would drop to about 9.0 percent from 10.93 percent on March 31, the end of this fiscal year. |
 | | Sumitomo Mitsui shares, which have been stable for past several months, closed up 1.40 percent at 726,000 yen ($6,914) on the Tokyo Stock Exchange Monday shortly before the announcement. |
| abcnews.go.com /Business/wireStory?id=538237 (343 words) |
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