Global bank buys Citi wealth arms in four Asian markets
Deal adds around 2.4 million customers
Source: international-adviser.com
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Citi to sell Southeast Asian assets in $3.6 billion deal
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.
Source: bangkokpost.com
Citi to sell Southeast Asian units to UOB Group for $3.6 billion
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.
Source: americanbanker.com
UOB to acquire Citigroup's consumer biz in Malaysia, Indonesia, Thailand and Vietnam
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.
Source: theedgemarkets.com
Citi to sell Southeast Asia retail business to Singapore's UOB for $3.7 bln
* UOB buying Indonesia, Malaysia, Thailand and Vietnam operations * To fund retail business acquisition with internal capital * Purchase…
Source: sharenet.co.za