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. MariBank rolls out S$1 equity fund at invite-only phase 2. Bank of Baroda links digital overdraft accounts to UPI-enabled apps 3. HDFC Bank hires law firm to review ex-chairman’s resignation 4. Financial institutions chase AI edge despite thin budgets 5. Finance hiring gains momentum across key banking segments, report saysResource Center
Read Here
Advertise
Sign Up
Events
Event News
Experts explored how banks and financial services can deliver seamless, compliant, and personalised customer experiences.
Commentary
From behavioural change to scalable inclusion: Cross-border payments in APAC
Device governance is not an IT problem. For SEA's financial sector, it is a boardroom one
Corporate acupuncture: How precision M&A is reshaping Asia’s competitive edge