Double mandate for Equitable PCI

The continuing saga of the Equitable PCI sale took a new turn when the board recently decided to split the mandate for its sale.

In an unusual some might say unprecedented move, the board of the bank awarded ING Barings the sole mandate to look for a foreign partner, and JP Morgan the sole mandate to look for a domestic merger partner.

However, it is believed that the board of the bank is now somewhat ambivalent about the whole sale process. Rumours of the sale first hotted up in the last days of Estradas administration. A loss of confidence...

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  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...