DBS to purchase Citi assets in Taiwan.
BANKING AND CREDIT NEWS-January 28, 2022--DBS to purchase Citi assets in Taiwan
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Global Banking News - 28 January 2022
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Singapore-based banking and financial services firm DBS (S05.SI) is to purchase Citigroup Inc (NYSE: C) assets in Taiwan.
DBS is to settle the deal in cash and also pay a premium of SGD956m for the assets. Full integration is expected in mid-2023 and will reportedly make DBS the largest foreign bank in Taiwan. The consumer-banking business that is being sold...
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