You are here

OCBC warned of painful Wing Hang restructuring

Macquarie draws parallel with DBS acquisition of Dao Heng, saying OCBC faces risk of significant goodwill impairment

Singapore OCBC Bank's proposed acquisition of Wing Hang Bank is a replay of DBS's purchase of Dao Heng Bank that took "painful restructuring", says a Macquarie report. "Watching all of history repeat itself," says the 85-page report, which cautioned against Singapore banks making the same

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom