Wave of capital-raisings, acquisitions tipped in Asia
StanChart’s unexpected capital-raising and ANZ’s purchase of select RBS assets in Asia has prompted speculation that a succession of similar deals will hit the market. StanChart for one is widely expected to pick up RBS units in China and India, while HSBC Holdings is reportedly looking at selling shares in Shanghai. And this could just be the tip of the iceberg as banks strive to bulk up in the region.
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