DBS to acquire Citi's consumer banking business in Taiwan
The move will make DBS Taiwan’s largest foreign bank by assets. . Read more at straitstimes.com.
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The move will make DBS Taiwan’s largest foreign bank by assets. . Read more at straitstimes.com.
This month, Citi struck a deal to sell its consumer business in four Southeast Asian markets to United Overseas Bank for $3.7 billion.
Taipei, Jan. 28 (CNA) Citigroup Inc. (Citi) has reached an agreement with DBS on the acquisition of Citi's consumer banking franchise in Taiwan (Citi Consumer Taiwan), including transferring about 3,500 staff employed by the retail arm, according to both multinational financial services corporations Friday.
SINGAPORE (Reuters) - DBS Group has agreed to buy Citigroup's consumer business in Taiwan in a move that will see the Singapore-based bank pay S$956 m...
WASHINGTON (dpa-AFX) - DBS Bank Ltd said that it has agreed to buy the consumer banking business of Citigroup Inc in Taiwan. It will pay Citi cash for the net assets of Citi Consumer Taiwan plus