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In September 2001, UOB acquired Overseas Union Bank, then Singapore's fourth largest local bank, in a deal worth S$10 billion. [15] [16] United Overseas Bank History Plaque. In 2002, UOB started expanding into the Chinese market by opening a new full-service branch office in Shanghai and upgrading of its Beijing office to a full-service branch ...
By April 1987, 90% of the office space in the building was occupied, mostly by banks and money brokers. 20% of the office space was used as OUB's headquarters, while the Stock Exchange of Singapore (SES) occupied an additional five floors. Nevertheless, the takeup for the building's retail space was not as good, with only 41 of 78 retail units ...
Enacted on 17 June 1960, the Prevention of Corruption Act (PCA) is the primary anti-corruption law in Singapore. The following are provided for under the PCA: [7] Powers for the CPIB to investigate bribery in all forms, both monetary and non-monetary in nature, and in both the public and private sectors;
Union Bank was an American national bank with 398 branches in California, Washington, and Oregon. It was owned by MUFG Americas Holdings Corporation and was acquired by U.S. Bancorp in December 2022.
During the 1960s, Lien was the High Commissioner of Singapore to Malaysia. [5] Lien cofounded Nanyang University [ 6 ] and is the founder of Overseas Union Bank (formerly Overseas Chinese Union Bank), which, in 2001, became part of United Overseas Bank , [ 3 ] as well as the Lien Foundation , which he established in 1980. [ 6 ]
The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance and manages the foreign-exchange reserves .
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The Ocean Financial Centre is an office building located at Collyer Quay in the Raffles Place region of Downtown Core planning area, Singapore. It is built on the site of the former Ocean Building, which has been demolished. The new building retained the name and many of the tenants of the former office block, and will serve primarily as a home ...