|
||||||||
|
||||||||
|
||||||||
|
TOP STORIESWhich bank will win the battle for ING?28 August 2009COMMENTSSCB harbours private banking ambitions, so this could be a good fit. Read all comments »Standard Chartered, HSBC, Barclays, DBS Bank, Julius Baer and CBA are all reported to be in the hunt. But which one will emerge victorious and pick up the Asian private banking operations of ING? The struggling Dutch banking and insurance group is shedding up to €8bn in assets and focusing more on Europe, as part of its “back to basics” programme. ING is selling its Asian and Swiss private banking assets separately, so bidders can choose to bid for just one operation or both entities. Shortlisted firms have until September 3 to submit final offers. Is ING in Asia a good buy because private wealth in the region will continue to grow in the longer term? Or will the buyer find itself faced with an integration nightmare? And which potential suitor would be most suitable in term of company culture and expansion ambitions? Is it Julius Baer, the only proper private bank on the list?; DBS, the only Asia-owned firm?; or will ING be swallowed up by a regional giant like Standard Chartered or HSBC? Let us know your thoughts below.
COMMENTSGreg, Information Services, Fri 28 Aug 09SCB harbours private banking ambitions, so this could be a good fit. Add your comment »Dennis Chua, Research, Sun 30 Aug 09Agree. SCB and INGPB are a good fit. ING is on its way down... Add your comment »
LATEST FINANCE JOBS
|
|||||||