OCBC, Keppel, Validus tie-up closes door on digital bank bid
Late pullout comes amid Keppel's ongoing strategic review of its core operations
Singapore
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 amid Keppel's ongoing strategic review of its core operations, with Temasek Holdings due to take control of the conglomerate via a partial offer.
OCBC, Keppel, and Validus declined comment when contacted.
OCBC has historically been active in the small-and-medium-sized enterprise (SME) lending space. The bank is also active in the Asean region, with its key markets…
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