Friday, April 20, 2007

UPDATE 1-Taiwan says foreign firm eyes stake in bank CUTIC

(Reuters) - Foreign interest in the Taiwan banking market, Asia's fourth-largest, has heated up since 2006 in part because an island-wide consumer credit crunch had sent banking stocks to some of the cheapest levels in the region.

"The firm paid us a visit recently. They are working on DD on CUTIC, and that can be completed in the next seven to 10 days," said Susan Chang, administrative vice chairwoman of the Financial Supervisory Commission .


Read more at Reuters.com Mergers News

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