Chinese Triumph in Battle to Buy Ing's Asian Arm [Edition 2]

Evening Standard - London › October 15, 2009

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Summary

HSBC has been beaten by Singapore's third-largest bank in the race to buy Dutch insurer ING's private banking operation in Asia.

Oversea Chinese Banking Corporation (OCBC) is paying $1.46 billion (Pounds 908 million) for the business which runs around .11 billion (Pounds 10.2 billion) of assets in 11 markets across Asia.

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Extract

Chinese Triumph in Battle to Buy Ing's Asian Arm [Edition 2]

Last week ING also sold its ...

See the full content of this document