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
Most Read
1. Why Singapore’s fast payments need faster protections 2. How Gen AI is transforming banks’ financial advice, risk, and operations 3. Weaker OCBC earnings seen as margin pressure persists: report 4. Here's how UOB plans to grow its wealth and wholesale units 5. Jewel Changi, Mastercard renew partnership amidst rising visitor spendResource Center
Read Here
Advertise
Sign Up
Event News
Experts explored how hybrid multi-cloud strategies and interconnected data centres are shaping the future of banking in the region.
Commentary
Why Singapore’s fast payments need faster protections