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​DBS, Julius Baer ponder bids for ABN Amro's Asia private banking business

( October 25, 2016, 04:37 GMT | Insight) -- DBS Group Holdings and Julius Baer Gruppe are said to be considering bids for ABN Amro Group's Asia private banking business, which could sell for $300 million to $350 million, Reuters and Bloomberg report. DBS Group Holdings and Julius Baer Gruppe are said to be considering bids for ABN Amro Group's Asia private banking business, which could sell for $300 million to $350 million, Reuters and Bloomberg report. ABN Amro, the 18th-largest private bank in Asia, with $19 billion of assets under management in the region, could also attract bids from other wealth managers, the reports add. First-round bids are due in the next few weeks. ABN Amro has recently cut more than 20 jobs in Hong Kong and Singapore to make its business more efficient....

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