[New post] UOB KH: SP: DBS Group Holdings (DBS SP) – Scaling Up By Acquiring Citi Consumer Taiwan

alanyeo posted: " Scaling up in Taiwan. DBS has agreed to acquire the consumer banking business of Citigroup in Taiwan (Citi Consumer Taiwan) via a transfer of assets (loans of S$11.3b) and liabilities (deposits of S$15.1b). Given that Citi Consumer Taiwan's net asse" New post on Alpha Edge Investing UOB KH: SP: DBS Group Holdings (DBS SP) – Scaling Up By Acquiring Citi Consumer Taiwan by alanyeo Scaling up in Taiwan. DBS has agreed to acquire the consumer banking business of Citigroup in Taiwan (Citi Consumer Taiwan) via a transfer of assets (loans of S$11.3b) and liabilities (deposits of S$15.1b). Given that Citi Consumer Taiwan's net assets is negative (deposits exceed loans by S$3.8b), Citi will transfer cash of S$3.8b to DBS. DBS […] Read more of this post alanyeo | January 28, 2022 at 4:42 pm | Tags: DBS Group Holdings | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-7FO Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2022/01/28/uob-kh-sp-dbs-group-holdings-dbs-sp-scaling-up-by-acquiring-citi-consumer-taiwan/