Market Chatter: UOB to Transfer Chinese Personal Banking Business to Fubon Financial's Unit

MT Newswires

2025/02/26

United Overseas Bank's (SGX:U11) Chinese unit will divest its personal banking business, Yicai Global reported Tuesday, citing a statement from the lender.

The business will be transferred to Taiwan-listed Fubon Financial Holding's (TPE:2881) subsidiary, Fubon Bank (China), which will also own the business' assets, such as individual customer accounts, deposits, loans and related wealth management products, the report said.

UOB said that the transfer will not affect its other business, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0048573645.USD","symbol_name":"富达东盟基金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2514729340","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514729340","pubTimestamp":1740545538,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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