DBS takes over failed Bowa bank

The China Post
2nd Feb 2008
By Faith Hung and Saeed Azhar, Reuters


TAIPEI/SINGAPORE -- Singapore's DBS Group will receive NT$44.5 billion (US$1.4 billion) from Taiwan's government to take over failed Bowa Commercial Bank, the government said yesterday, in the latest acquisition by a foreign bank in the island's crowded financial sector. >>>> More