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Under the Radar: Why is Taiwan-based Cathay United Bank expanding in Singapore?
It’s back to the banking industry today as we speak to a Taiwanese bank set up nearly half a century ago. Established back in 1975, our guest for today is Cathay United Bank, a subsidiary of Cathay Financial Holdings. Cathay Financial Holdings, for context, is a financial conglomerate with businesses spanning insurance, asset management and brokerage, with its Chairman Tsai Hong-tu having a net worth of US$5.3 billion based on the Bloomberg Billionaires Index. Back to Cathay United Bank, the bank boasts 165 branches throughout Taiwan, placing it as one of the leading players in the…
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