Citi sells Philippine consumer banking franchise to UnionBank
Union Bank’s capital buffers to weaken following Citi purchase: analyst
Union Bank’s capital buffers to weaken following Citi purchase: analyst
Any potential earnings boost remain uncertain; whilst reduced capital will take years to rebuild.
UnionBank to buy Citi’s Philippine consumer banking franchise for $908m
Around 1,750 Citi employees are expected to transfer to UnionBank.
Thought Leadership Centre
In Association with
Most Read
1. UOB to take legal action against Yang Kee Logistics’ ex-CEO 2. UOB unveils FDI Advisory Centre in South Korea 3. Singapore places fourth for most ‘ATMs near me’ Google searches 4. RCBC boosts rural presence with ATM Go 5. Singapore’s financial sector turns to contract hiring for cost controlResource Center
Read Here
Advertise
Sign Up
Awards
Jul
03
Jul
03
Jul
08
Events
Event News
Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks
WealthTech vs. Banks: The battle for Asia’s $700b digital wealth opportunity
Empowering Women in Finance: Securing a Future of Opportunity
Generative AI revolution: Asian banks on the brink of a new era