Private Banking

 
Singapore-based DBS is hoping to tap some of the wealth being created in China. Photo: AFP

DBS buys private banking business of Societe Generale in Singapore and Hong Kong

DBS, Southeast Asia's largest bank, is paying US$220 million for the private banking business of Societe Generale in Singapore and Hong Kong and selected parts of the French bank's trust business in a trend that has seen Western banks unload their private banking operations in Asia for higher cap

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