Barclays 'to get cash infusion from major Japanese bank'

Barclays Plc may be close to securing a 100bn yen (€594m) capital injection from Japan’s Sumitomo Mitsui Banking Corp. as part of the bank’s efforts to weather the impact of the global credit crisis, according to media reports.

A deal between the two companies is in the “final stage” and is likely to include an agreement to co-operate in banking services in Asia as well as asset management, Kyodo News agency and others reported.