Singapore banks may bid for parts of Citi's Asia consumer business as giant makes exits

EYES are now on whether Singapore banks will snap up Citi's assets in markets that the local trio already play in, as the Wall Street giant sheds several of its consumer banking businesses across Asia.

Reuters on Tuesday reported that banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup's consumer business in Asia. The report cited people with direct knowledge of the matter.

When asked by The Business Times, OCBC declined comment.