DBS, StanChart weigh bids as Citi retreats from Asia consumer business - sources


SINGAPORE (Reuters) - Banks including DBS Group , Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup's consumer business in Asia, people with direct knowledge of the matter said.

The sale process will start within a couple of weeks, they added, declining to be named as they were not authorised to speak to media.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Dollar holds firm as traders bet on cautious Fed in 2025
Tiong Hiew King buys palm oil business from Subur Tiasa, Rimbunan Sawit
Malaysia accelerates EV growth with China collaboration to boost regional hub ambitions
PUC revises RM100mil acquisition of Alevate Solutions with share issuance scheme
Ringgit ends lower amid subdued sentiment ahead of Fed meeting
Loke: Malaysia remains committed to rules-based international order
KPS appeals RM7.89mil capital gains tax assessment, penalty from IRB
India - Rupee hits record low on widening trade deficit, weakness in local equities
Poh Kong to monitor impact of uncertainties to its operations
Public Bank, Jati Tinggi sign RM14.9mil deal for solar panel installation at 135 branches

Others Also Read