The 1998 merger of Keppel Bank and Tat Lee Bank was a comparatively modest transaction in terms of size, but it had a level of complexity that rivaled many larger deals and a sense of urgency that made it a high-stakes transaction. Although it was an in-market merger, in many ways it foreshadowed some of the challenges of cross-border deals.
The Keppel/Tat Lee deal was Singapore's first bank merger in 20 years. As such, it was closely watched by regulators and analysts, who saw it as a test of the credibility of the authorities' ambitious efforts to reform the sector, make local institutions more competitive and boost the country's position as a regional financial center. That it succeeded, and within a very tight deadline–the new Keppel TatLee Bank officially opened on January 4, 1999, just seven months after the onset of the merger–made many observers consider it a bellwether transaction, not only for Singapore banking but also for similar transactions as the industry rebuilds throughout the region.
刚刚抽空上网找了Tat Lee Bank+Keppel Tatlee Bank的资料~ 原来Tat Lee Bank+Keppel Bank是新加坡过去20年来第一间合并的银行.
Tat Lee Bank+Keppel Bank在1998年合并成为Keppel Tatlee Bank, 并在1999年1月4日正式成立~
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