FINANCIAL SERVICES | Staff Reporter, Singapore

DBS, OCBC go head-to-head in race for Barclays' private wealth units

The deal is valued at $300m.

Two of Singapore's listed lenders have faced off in the battle to buy Barclays' Hong Kong and Singapor wealth units, which is valued at as much as $300 million.

Sources told Reuters that DBS is leading the race, with close rival OCBC the only bidder left.

Julius Baer (BAER.S) and United Overseas Bank (UOBH.SI) also took part in the initial stages of the sale process, they said. S

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