Consolidation continues across Asia’s private banking industry as Singapore’s DBS has emerged as the frontrunner for French lender Société Générale’s Asian private banking business. Believed to have overtaken rivals ABN AMRO, ANZ and Credit Suisse along the way, DBS is likely looking at OCBC’s 2009 acquisition of ING’s private banking business in Asia as a benchmark for the deal. OCBC…
Heard on the Street: DBS frontrunner for Société Générale Private Banking, deal size exceeds initial estimate
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