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Why Taiwan is a haven for private banks amid supply chain chaos

Photo by Lisanto 李奕良 on Unsplash

As a growing number of private banks up their bets on Taiwan, some local wealth management giants are going the other way: raising their regional ambitions. Cathay United Bank is exhibit A. The lender, a wholly-owned subsidiary of Cathay Financial Holdings, is a leading Taiwanese conglomerate with three growth engines: banking, insurance and asset management. In 2013, Cathay United Bank…

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