Taipei, Jan. 17 (CNA) The Financial Supervisory Commission (FSC) said Tuesday it had approved a merger of Jih Sun International Bank and Taipei Fubon Bank.
Taipei, Sept. 20 (CNA) Fubon Financial Holding Co. said Tuesday that its merger with Jih Sun Financial Holding Co. is expected to be completed by the end of the year, as regulatory approval was obtained earlier in the day.
Fubon Financial Holding Co(富邦金控) yesterday said it has reached an initial consensus with the labor union of Jih Sun International Bank (日盛銀行), promising that it would not dismiss any bank employees in the next three years.
Fubon Financial acquired the bank’s parent company, Jih Sun Financial Holding Co (日盛金控), earlier this year and it had held talks with the bank’s labor union and Jih Sun Financial’s labor union separately.
None of the more than 1,000 employees of Jih Sun Bank would be sacked in the next three years after the acquisition, while those who are eligible to retire and apply to do