News Source: Xtra News
| about 1 month ago
Southeast Asia's biggest bank DBS Group Holdings has pulled out of a bid to acquire the Asian private banking assets of Dutch lender ING, a source close to the matter said on Tuesday. The source, who asked not to be named, told AFP that the Singapore...
News Source: India Abroad
| about 1 month ago
Battered by the financial meltdown, AIG had received billions of dollars from the US government last year to tide over the turmoil. The leading insurer has also shed assets worldwide to streamline its operations. AIG in a statement said it would be...
News Source: Taiwan News
| about 1 month ago
Hong Kong-based Primus Financial Holdings is buying Nan Shan Life Insurance Co. Ltd., Taiwan’s second-largest life insurer, from American International Group for US$2.15 billion (NT$69.3 billion), the companies announced Tuesday. Primus denied it...
News Source: Times of Oman
| about 1 month ago
Tuesday it was in talks with Dutch lender ING for a possible acquisition. The discussions are consistent with the bank's strategy of looking for growth opportunities in the region." Shareholders are advised that there is no certainty that any...
News Source: Asian Wall Street Journal
| about 1 month ago
This copy is for your personal, non-commercial use only...Oversea-Chinese Banking Corp. said Tuesday it is in talks to acquire the Asian private-banking assets of ING Groep NV as part of its strategy to expand in the region. "The bank wishes to...
News Source: Turks and Caicos Free Press
| about 1 month ago
American International Group ( AIG .N) struck a deal to sell its Taiwan life insurance for $2.15 billion, marking its largest disposal of a division since a government bailout last year saved it from collapse. Primus Financial, a new firm founded by...