LONDON (Alliance News) - Singapore-based DBS Group Holdings Ltd and Oversea-Chinese Banking Corp have made non-binding bids for Barclays PLC's Asian private wealth business, Bloomberg reported on Friday, citing people familiar with the matter.
Barclays has been looking for buyers of its Singapore-based wealth unit since last year, the report said.
Spokesmen for DBS, OCBC and Barclays declined to comment, the news agency added.
Shares in Barclays were up 4.1% at 153.85 pence on Friday morning, though they are down 11% over the course of the week.
Copyright 2016 Alliance News Limited. All Rights Reserved., source Alliance News