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DBS seen as frontrunner for Barclays' HK, S'pore wealth units
Published Mon, Mar 21, 2016 · 09:50 PM
Singapore
SINGAPORE'S DBS Group Holdings is seen leading the race to buy Barclays' Hong Kong and Singapore private wealth units valued at as much as US$300 million, sources with knowledge of the situation said on Monday.
The other bidder left in the race is rival Singaporean lender Oversea-Chinese Banking Corp, the sources added. They, however, cautioned that no final deal has been agreed and there could be last minute changes.
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