Soc-Gen's Asian Private Bank: 'DBS advances in bidding'

Singapore

DBS Group Holdings is among banks that have advanced in bidding for Societe-Generale's (Soc-Gen) private banking assets in Asia, said three people with knowledge of the matter.

Soc-Gen picked about five suitors to study the unit's finances after they made initial offers, said one of the people, asking not to be named because the process is co…