China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
OCBC To Buy Barclays' Asian Wealth Management Unit For $320M
Aggregated Source: China Money Network
money3wrwfafaSingapore's Oversea-Chinese Banking Corp (OCBC) has agreed to acquire the wealth and investment Management business of Barclays Bank PLC in Singapore and Hong Kong for approximately US$320 million in cash. The deal, which is done through OCBC's wholly-owned private banking subsidiary Bank of Singapore, is priced at 1.75% of the total assets under management by […]


Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Original URL: Click here to visit original article
Copyright China Money Network