DBS completes acquisition of ANZ’s wealth, retail units in five Asian markets

DBS
DBS bank building at night in the central business district of Singapore. Photographer: Nicky Loh/Bloomberg

Singapore-headquartered and listed lender DBS Bank Ltd (DBS) announced on Monday that it has completed the acquisition of Australia & New Zealand Banking Group Ltd (ANZ)’s wealth management and retail banking businesses in Singapore, Hong Kong, Mainland China, Taiwan, and Indonesia.

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