India's move to encourage foreign banks to reposition as wholly-owned subsidiaries may find just a handful of takers, given the regulatory trade-off.» Read More
SINGAPORE/ HONG KONG, Nov 26- Singapore's DBS Group Holdings and ABN AMRO are among the suitors to place final bids for Societe Generale's Asia private bank, in a $400 million deal, as smaller players exit the region's competitive private banking business.
*SocGen's Asia private bank unit manages $13 bln. SINGAPORE/ HONG KONG, Nov 26- Singapore's DBS Group Holdings, ABN AMRO and Credit Suisse have submitted final round bids for Societe Generale's Asian private bank, which is being valued at around $400 million, people familiar with the matter said.
SINGAPORE/ HONG KONG, Nov 26- Singapore's DBS Group Holdings, ABN AMRO and Credit Suisse are among suitors that have submitted final round bids for Societe Generale's Asian private bank, which is being valued at around $400 million, people familiar with the matter said. A SocGen spokeswoman in Singapore declined to comment.
SINGAPORE, Nov 22- The planned sale of Societe Generale's Asian private bank, for which final bids are due next week, underscores how high costs are pushing smaller players in the region to make hard decisions on whether to bulk up and or get out of the business.
*China's AgBank does not have big presence outside China. Oct 23- Singapore's Oversea-Chinese Banking Corp Ltd has joined other suitors in weighing a bid for Wing Hang Bank Ltd, one of four Hong Kong family-run lenders well positioned as a gateway between mainland China and the wider world.
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