OCBC posts record Q1 profit, makes $1 billion bid to take Great Eastern private By Reuters

By Yantoultra Ngui and Poonam BehuraSINGAPORE (Reuters) -Singapore’s second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit and made a S$1.4 billion ($1.04 billion) offer to take its insurer arm Great Eastern private.OCBC, Great Eastern’s biggest shareholder, offered a 37% premium over Great Eastern’s last traded shares…