Having acquired majority control of Jih Sun Financial, Fubon Financial on Tuesday started to recognize its peer’s profits, but operations integration would take more time, Harn said. Fubon Financial Holding Co’s headquarters is pictured in Taipei on Dec. 20, 2011. Jih Sun Financial would cease to exist at the end of this year, but Jih Sun International Bank (日盛銀行), Jih Sun Securities Co (日盛證券) and Jih Sun Futures Co (日盛期貨) would continue operating until they become part of Taipei Fubon Commercial Bank (台北富邦銀行), Fubon Securities Co (富邦證券) and Fubon Futures Co (富邦期貨) respectively next year, he said. Although some of Jih Sun Bank’s and Taipei Fubon Bank’s branches overlap in some areas, they would not necessarily be closed, Harn said. “Fubon Financial has conducted many small and big mergers and acquisitions over the past 20 years, and we have never had major labor disputes.

Source: Taipei Times March 31, 2021 15:56 UTC