Taishin Financial upbeat over income, silent on life deal
By Kao Shih-ching / Staff reporter
Taishin Financial Holding Co (台新金控) yesterday gave a rosy outlook for fee income and the interest rate spread this year, but was silent on progress toward acquiring Prudential Life Insurance Co of Taiwan (保德信人壽).
Taishin Financial in December last year submitted an application with the Financial Supervisory Commission (FSC) regarding its bid for the local unit of US-based Prudential Financial Inc.
The commission has not yet approved the deal and on Monday said that Taishin Financial had failed to explain the financial resources it would use for the acquisition.