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The 280 m (920 ft) tall Tower One and the 38-storey Tower Two house offices, while the podium contains retail space. Initially conceived in the late 1970s as Overseas Union Bank Centre, the headquarters of Overseas Union Bank (OUB), work on the building began in 1981, while construction of the superstructure subsequently commenced in October 1984.
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 ...
United Overseas Bank Plaza (UOB Plaza) is a commercial complex that consists of twin tower late-modernist skyscrapers in Singapore.At completion, UOB Plaza One was one of the three tallest in the country, sharing the title with the OUB Centre and Republic Plaza; it is now the second tallest since the completion of Tanjong Pagar Centre (Guoco Tower) in 2016.
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.
CBI acquired TDB-American Express Bank in 1990, which led to the creation of the current entity, Union Bancaire Privée. UBP developed further with the takeover of the Discount Bank and Trust Company in 2002. [2] [3] In 2011, UBP acquired the Swiss arm of Dutch state-owned ABN Amro Bank, a pure Swiss private bank.
The towers were sold to Overseas Union Enterprise (OUE) for S$870.5 million in 2010. [10] In July 2012, DBS moved out of the towers and into its new headquarters at Marina Bay Financial Centre (MBFC) Tower 3. Various 'core support functions' were relocated to a nine-storey building at Changi Business Park, near the Expo MRT station, in 2010.
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 ...
Raffles Place is the centre of the Financial District of Singapore and is located south of the mouth of the Singapore River. [1] It was first planned and developed in the 1820s as Commercial Square to serve as the hub of the commercial zone of Singapore in Raffles Town Plan.