OCBC ends digital wholesale bank move with Keppel, Validus
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
A PROMINENT consortium comprising OCBC, Validus Capital, Keppel Corporation and Vertex Ventures has decided against applying for a digital wholesale banking licence, BT understands.
The late breakdown in talks, BT understands, comes as Keppel is undergoing a strategic review of its core operations, with Temasek Holdings due to take control of the conglomerate via a partial offer.
OCBC and Validus declined comment when contacted. Keppel has yet to respond to an email from BT requesting comment.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
