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January 14, 2022
Citigroup Inc agreed to sell consumer-banking businesses in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank (UOB) Ltd for about S$4.9 billion (US$3.6 billion), as Chief Executive Officer Jane Fraser continues her push to simplify the New York-based bank.
January 14, 2022
Citigroup is offloading its consumer-banking businesses in Indonesia, Malaysia, Thailand and Vietnam as CEO Jane Fraser continues her push to simplify the New York-based bank.
January 14, 2022
United Overseas Bank Ltd (UOB) has entered into agreements to acquire Citigroup’s consumer banking businesses comprising its unsecured and secured lending portfolios, wealth management and retail deposit businesses in Indonesia, Malaysia, Thailand and Vietnam.
January 14, 2022
* UOB buying Indonesia, Malaysia, Thailand and Vietnam operations * To fund retail business acquisition with internal capital * Purchase…
January 14, 2022
The UOB Group has reached an agreement to buy Citigroup’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam, Citi announced on Friday.
January 14, 2022
KUALA LUMPUR, Jan 14 — United Overseas Bank Ltd (UOB)’s subsidiaries will acquire Citigroup’s consumer banking businesses, comprising its unsecured and secured lending portfolios, wealth management and retail deposit businesses in Indonesia, Malaysia, Thailand and Vietnam for SG$915...
January 14, 2022
Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for $3.65 billion
January 14, 2022
Under CEO Jane Fraser, Citigroup is focusing on building out its growing wealth management arm.
January 14, 2022
Citigroup Inc on Thursday agreed to sell consumer-banking businesses in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank (UOB) Ltd for about S$4.9 billion (US$3.6 billion) as Citigroup chief executive officer Jane Fraser continues her push to simplify the New York-based bank. United Overseas Bank is to pay Citigroup a cash consideration for the net assets of the acquired businesses, plus a premium of S$915 million, Citigroup said in a statement. The transaction includes Citigrou...