Reuters

Citi to sell Southeast Asia retail business in $3.7 billion deal to Singapore's UOB

SINGAPORE (Reuters) - Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion ($3.7 billion), bringing the U.S. bank ...
Seeking Alpha

United Overseas Bank: Excess Capital Likely To Boost Shareholder Returns

United Overseas Bank's focus on Southeast Asia and acquisition of Citi's retail business enhance growth prospects, offering a 5% dividend yield and steady earnings growth. Despite the lowest CET1 CAR ...
Morningstar

We Expect United Overseas Bank to Reap Benefits from Its Citi Acquisitions in Southeast Asia

United Overseas Bank is one of the three dominant banks in Singapore. Compared with its two rivals, it has somewhat smaller exposure to Greater China, while it has larger exposure to Association of ...
Morningstar

We Expect United Overseas Bank to Benefit From Acquiring Citi's Asean Retail Businesses

United Overseas Bank is one of the three dominant banks in Singapore. Compared with its two rivals, it has somewhat smaller exposure to Greater China, while it has larger exposure to Association of ...