Billionaire Wee Cho Yaw’s UOB Profit Jumps As Bank Poised To Takeover Citibank Franchise In Southeast Asia

United Overseas Bank —controlled by billionaire Wee Cho Yaw—on Friday reported record third-quarter net profit, bolstered by increased lending income, as Singapore’s third-largest lender by market value gears up to complete its acquisition of Citibank’s consumer banking businesses across four Southeast Asian markets. Net profit rose to S$1.4 billion ($994…