12th Feb 2016 09:52
LONDON (Alliance News) - Singapore-based DBS Group Holdings Ltd and Oversea-Chinese Banking Corp have made non-binding bids for Barclays PLC's Asian private wealth business, Bloomberg reported on Friday, citing people familiar with the matter.
Barclays has been looking for buyers of its Singapore-based wealth unit since last year, the report said.
Spokesmen for DBS, OCBC and Barclays declined to comment, the news agency added.
Shares in Barclays were up 4.1% at 153.85 pence on Friday morning, though they are down 11% over the course of the week.
http://www.bloomberg.com/news/articles/2016-02-12/dbs-ocbc-said-to-submit-bids-for-barclays-s-asia-wealth-unit
By Samuel Agini; [email protected]; @samuelagini
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