Citi to sell Southeast Asia retail business in $5 billion deal to Singapore's UOB

SINGAPORE - Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion, bringing the US bank closer to its goal of exiting retail operations in 13 markets. The proposed acquisition by Singapore's UOB will be its biggest in two decades and double its retail customer base in the...

Related Keywords

Mexico ,Malaysia ,Australia ,Taiwan ,India ,Singapore ,China ,Indonesia ,South Korea ,Australian ,South Korean ,Mexican ,Sanfordc Bernstein ,Citi Asia Pacific ,Jane Fraser ,Peter Babej ,Asia Pacific ,Kevin Kwek ,Allen Overy ,United Overseas Bank ,Citigroup ,Southeast Asian ,Southeast Asia ,