Taichung to call off American Continental Bank purchase bid.
BANKING AND CREDIT NEWS-October 18, 2023--Taichung to call off American Continental Bank purchase bid
(C)2023 M2 COMMUNICATIONS http://www.m2.co.uk
Global Banking News - 18 October 2023
Taiwan-based Taichung Commercial Bank has called off a deal to purchase US-based American Continental Bank.
The Taiwanese bank is to pay USD500,000 to the US bank for calling off the deal. The banks had announced a USD82m deal last year. Taichung Commercial said that the rapidly-changing global political and economic conditions had prompted it...
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