DBS buys Societe Generale's Asian private banking business | Bangkok Post: news

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DBS buys Societe Generale's Asian private banking business

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Singapore's DBS Bank said Monday it had agreed to buy the Asian private banking business of French lender Societe Generale in a deal worth $220 million, boosting its access to the region's super rich. 

People make transactions at DBS bank ATM machines in Singapore on March 17, 2014

DBS said in a statement to the Singapore Exchange that the deal "will accelerate DBS's ambition of becoming a leading wealth manager in Asia".

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