Taiwan's banks attract buyers as credit crunch begins to ease

Article Abstract:

Standard Chartered PLC of the United Kingdom is to purchase Hsinchu International Bank of Taiwan for $1.2 billion. Citigroup Inc. of the United States is to purchase Bank of Overseas Chinese of Taiwan for approximately $453 million. The acquisitions may aid consolidations in the banking industry particularly if the Taiwanese government sells off stakes in crown banking corporations.

Taiwan, Acquisitions & mergers, United States, Economic aspects, Mergers, acquisitions and divestments, Company acquisition/merger, Citigroup Inc., C, Industry overview

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Stake in Standard Chartered could be focus of bidding war

Article Abstract:

A 13 percent stake valued at almost $3 billion in Standard Chartered PLC is the focus of a bidding war. The British bank has operations in Asia and other emerging markets.

United Kingdom, Financial management, Finance, Company Profile, Company financing

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