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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 […]

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