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UOB will acquire Citigroup's consumer banking assets in Indonesia, Malaysia, Thailand and Vietnam for almost S$5 billion in an aggressive push to scale up its retail franchise in Asean.

UOB has agreed to acquire Citigroup's consumer banking businesses comprising its unsecured and secured lending portfolios, wealth management and retail deposit businesses in Indonesia, Malaysia, Thailand and Vietnam.

UOB has agreed to acquire Citigroup's consumer banking businesses comprising its unsecured and secured lending portfolios, wealth management and retail deposit businesses in Indonesia, Malaysia, Thailand and Vietnam.

UOB has agreed to acquire Citigroup's consumer banking businesses comprising its unsecured and secured lending portfolios, wealth management and retail deposit businesses in Indonesia, Malaysia, Thailand and Vietnam.

RISING SMS-related banking scams continue to expose a damaging weakness in Singapore's cybersecurity infrastructure, one that remains challenging to pinpoint exactly where given the hyper-connectedness of our networks today.

ABC World Asia, an impact private equity (PE) fund backed by Temasek, has made a US$15 million equity investment in the Series B round of an out-of-hospital care provider, Healthcare at Home India (HCAH).

PAYMENTS company Airwallex has officially launched in Singapore on Thursday (Jan 13), offering a suite of payment services across borders for local and international customers.

IN mid-2021, cross-border lending of Chinese-owned banks totalled US$2.66 trillion and made up 4.7 per cent of their balance sheet. In comparison, US banks' cross-border lending made up 22.5 per cent of their balance sheet at US$4.35 trillion, according to the Bank for International Settlements' (BIS) Locational Banking...

SINGAPORE'S crypto players can expect greater regulatory scrutiny this year, but with that should also come more clarity on the space that exchanges and investors can participate in. Crypto licences will be doled out and consolidation will take place, say observers.

WHEN some OCBC customers started receiving SMSes last month that they were being locked out of their accounts, quite a few were duped into clicking on a link that mirrored the OCBC website but was actually set up by scammers.