Standard Chartered Agrees To Buy GE Money In Singapore

RTTNews, 24 Jan 2011(RTTNews) - Standard Chartered Plc (STAN.L: News ) Monday said that Standard Chartered Bank has signed an agreement to acquire GE Money Pte. Ltd, a specialist in auto and personal loans in Singapore. The gross assets of the underlying business being acquired were SGD2.350 billion, or $1.807 billion as at December 31, 2009. The transaction is expected to be completed in the