DBS, OCBC, Julius Baer said to have made bids for Barclays's Asia wealth unit

Singapore

SINGAPORE'S DBS Group Holdings and Oversea-Chinese Banking Corporation, as well as Swiss bank Julius Baer, have submitted non-binding bids for Barclays' Asian private wealth business, people familiar with the matter said.

First-round bids for the Singapore-based unit, which bankers value at around US$600 million, were submitted last week, said the people, who declined to be identified because the deal talks are confidential.