OCBC Bank has begun making goodwill payouts to its customers who had fallen prey to the recent SMS phishing scam impersonating the bank.
Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for about S$5 billion ($3.7 billion), bringing the U.S. bank closer to its goal of exiting retail operations in 13 markets. The proposed acquisition by Singapore's UOB will be its biggest in two decades and double its retail customer base in the four markets in Southeast Asia, where the bank already has a substantial presence and competes with larger rivals including DBS Group and OCBC.
* Japan's equity markets closed for a holiday * Singapore stocks up for third day on bank rally * South Korean shares fall 1%, hit lowest since Dec. 2 * S.Korea won firms on expectation of rate hike this week By Anushka Trivedi Jan 10 (Reuters) - The rupiah led modest gains among emerging Asian peers on Monday as top thermal coal exporter Indonesia considered lifting its export ban on the commodity, while financials drove Singapore shares up by 1%. Currency markets in Asia fluctuated as liquidity was thinned by a holiday in Japan. Malaysia's ringgit and the Indian rupee firmed 0.2% each, while Singapore and Taiwan's dollars traded flat.