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Bank of Singapore is the private banking arm and a wholly owned subsidiary of Oversea-Chinese Banking Corporation (OCBC), Southeast Asia’s second largest bank. Formerly known as ING Asia Private Bank , it was acquired by OCBC in 2009 from ING Group for US$ 1.46 billion. [ 3 ]
The bank commenced business on June 12, 1990, at the Waterfront Plaza, Plot 270, Ozumba Mbadiwe Avenue, Victoria Island, Lagos. It was listed on the Nigerian Stock Exchange on June 25, 2004. [ 3 ] In October 2010, Cecilia Ibru, the former head of Oceanic Bank, was sentenced to eighteen months and ordered to forfeit over US$ 1 billion for fraud .
Bank name Country Market capitalisation (US$ billion) 1 Bank Central Asia Indonesia: 67.6 2 DBS Bank Singapore: 63.0 3 Bank Rakyat Indonesia Indonesia: 50.1 4 OCBC Bank Singapore: 39.7 5 United Overseas Bank Singapore: 38.0 6 Bank Mandiri Indonesia: 26.9 7 Maybank Malaysia: 24.7 8 Public Bank Berhad Malaysia: 21.2 9 Vietcombank Vietnam: 16.9 10 ...
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Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
Cecilia Ibru (born 22 March 1946) is the former managing director and chief executive officer of Oceanic Bank. [1] She is Nigeria's first female bank CEO and was dubbed the first lady of banking. [2] [3] In 2010, she was convicted of corporate fraud and sentenced to prison as part of a multibillion-dollar banking scandal.
First Union bought the Newark, N.J., bank for $5.4 billion — the biggest U.S. bank acquisition at the time. In 1997, the dealmaker bragged about the technique he used to buy Signet Banking Corp ...
Bahren started his career as an auditor at Coopers and Lybrand.After two years, he moved to the financial industry. He joined American Express in 1988 before moving to UBS AG Wealth Management in 1996, [9] where he rose to become the managing director and Head of Southeast Asia and Australia team [10] He then joined ING Asia Private Bank as Senior Managing Director and Global Head for the ...