Taishin Financial upbeat over income, silent on life dealBy Kao Shih-ching / Staff reporterTaishin Financial Holding Co (台新金控) yesterday gave a rosy outlook for fee income and the interest rate spread this year, but was silent on progress toward acquiring Prudential Life Insurance Co of Taiwan (保德信人壽). Taishin Financial in December last year submitted an application with the Financial Supervisory Commission (FSC) regarding its bid for the local unit of US-based Prudential Financial Inc. The commission has not yet approved the deal and on Monday said that Taishin Financial had failed to explain the financial resources it would use for the acquisition. The entrance of Taishin Financial Holding Co’s headquarters in Taipei is pictured on Dec. 9, 2019. Taishin Financial has a 22.55 percent stake in CHB.

Source: Taipei Times March 16, 2021 15:56 UTC