The transaction is estimated to reduce UOB's CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and "well within regulatory requirements".
January 17, 2022In its review, which focused on competition in the supply of credit cards, the ACCC found that the transaction "would not substantially lessen competition".
November 26, 2021Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.
November 1, 2021The ACCC has asked interested parties to submit their views regarding NAB’s proposed acquisition of Citigroup’s Australian consumer banking business by 13 September.
August 31, 2021Subject to regulatory approvals from the Treasury, APRA and the ACCC, the acquisition is expected to be complete by March 2022.
August 11, 2021A Taishin customer relationship manager stole TWD 347 million from nine customers over more than a decade by asking them to sign blank transfer forms.
July 26, 2021NAB is in talks about a possible acquisition of Citigroup’s Australian retail banking business. The ACCC says it is paying close attention.
July 18, 2021A mismatch between demand and supply means that Singapore will have to continue to depend on foreigners to fill growing vacancies for technology jobs.
May 12, 2021