Japanese banks Sumitomo Mitsui (SMFG) and Mitsubishi UFJ (MTU) are spreading the financial love...

|About: Mitsubishi UFJ Financial ... (MTU)|By:, SA News Editor

Japanese banks Sumitomo Mitsui (SMFG) and Mitsubishi UFJ (MTU) are spreading the financial love this week: along with Resona, they're providing Panasonic (PC) with $7.6B of loan commitments, allowing the electronics giant to avoid having to raise money in the markets. Sumitomo and Mitsubishi are also reportedly helping Softbank finance its $20.1B acquisition of Sprint.