acquisition

At the start of this week, Citi and HSBC formalised an agreement that is set to close in the first half of 2024.

The Singaporean bank has acquired Citi’s Taiwanese consumer franchise following plans announced at the start of 2022.

The deal, announced in March and finalised on October 18, strengthens EQT’s footprint in the region.

UOB has agreed to acquire Citi’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam.

Citi withdraws consumer franchises from 13 markets as it refocusses its effort on institutional clients and the wealth business. NAB acquires the bank's Australian division and 800 staff members.

The marriage between a heavily-indebted real estate developer and a poor capitalised bank could be a bad example for other lenders to follow.

Chinese companies have experienced multiple setbacks with their outbound M&A and that is unlikely to change soon, but there is room for smaller deals.

Tencent-backed Indonesian unicorn, best known as a ride-sharing platform, looks to extend use of Go-Pay wallet to meet more daily needs in a country where few have credit cards.

Malaysian telco teams up with local conglomerate Dawood Hercules to acquire 13,000 towers from Pakistan’s leading telecommunications company Jazz.