Citigroup (C) sells Taiwan consumer banking business to DBS, while retaining its institutional client business there. It expects to get a regulatory capital benefit of $1.2 billion.
Taiwan Developing New Tien Chien Air-To-Air Missile For Future Fighter
SINGAPORE—Taiwan is developing a fourth Tien Chien (“Sky Sword”) air-to-air missile variant to arm its future domestically developed fighter jet. An unnamed “high-ranking official” reportedly revealed ...
Arm IPO depends on more than Big Tech support
Back in 2012 Taiwan’s TSMC (2330.TW) took a 5% stake in ASML (ASML.AS ... Its shares are still trading 82% above its IPO price. Yet the financial benefits to Arm are likely to be small. Investments ...
Apple supplier Foxconn cautious despite beating earnings forecasts
Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious outlook for this year due to global economic ...
DBS Bank acquires Citi’s Taiwan consumer businesses
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride ...
China issues rebuke to U.S., Taiwan over vice president’s New York ‘stopover’
Beijing has rebuked Taiwanese Vice President William Lai as a "troublemaker" over his visit to the United States on his way to Paraguay.
Citi closes sale of Taiwan consumer business to DBS
Citigroup (C) has completed the sale of its Taiwan consumer banking business to Singapore's largest bank DBS (DBSDF), with its integration executed over the weekend.Nearly 3K employees..
Mountain Shield: How Taiwan Plans to Counter a Chinese Invasion
For decades, Taiwan has looked to its east coast as a safe haven to survive a Chinese invasion until allies, particularly the U.S., can arrive to assist. But PL
Daniel Davis: As tensions build between China and Taiwan, the US must maintain the status quo at all costs
The U.S. must do something to lower tensions to maintain the peace in Asia while also retaining the ability to defend our interests.
Taiwan’s MCU firm adapts: prioritizing high gross margin product amidst challenging second-half outlook
Taiwan-based microcontroller (MCU) manufacturer, Padauk Technology, has acknowledged sluggish demand for consumer electronics terminals and reduced consumer drive in the Chinese market compared to ...
LinkCom expects automotive, telecom segments to generate more revenues in 1Q24
Taiwan-based magnetic component company LinkCom Manufacturing held an earnings call on August 11. General manager Wilson Tan said the company is expanding its magnetic component and wireless charging ...
Apple supplier Foxconn’s Q2 profit slips 1%, better than forecasts
Apple Inc supplier Foxconn reported on Monday a 1% drop in second-quarter net profit, as global economic woes hurt demand for smart consumer electronics.
DBS completes integration of Citi Taiwan consumer business
Almost 3,000 Citi employees are now part of DBS Taiwan. DBS Bank has completed its acquisition of Citi’s consumer banking business in Taiwan. Integration was successfully completed over the weekend of ...
Vestas, Tien Li produces 100th wind turbine blade in Taiwan
Danish wind turbine manufacturer Vestas Wind Systems and Taiwanese manufacturer Tien Li Offshore Wind Technology announced they have successfully manufactured their 100th V174-9.5MW blade in Taiwan.
US bank Citi completes sale of Taiwan consumer unit to Singapore’s DBS
U.S. bank Citigroup has completed the sale and migration of its Taiwan consumer businesses to Singapore's DBS Group, it said on Monday. The now transferred retail business includes retail banking, credit card,
UPDATE 1-Taiwan will not back down to threats, Taiwan VP says on US trip
Taiwan will not be afraid nor back down in the face of authoritarian threats, the island's vice president told supporters on a U.S. visit that Beijing has condemned, while reiterating a willingness to ...