‘Roo awakening

22 April 2010 By John Foley

ANZ Bank may bid for a $4 billion stake in Korea Exchange Bank in an effort to become a superregional Asian bank. Boss Mike Smith has so far been prudent. But going head to head with HSBC, Standard Chartered and China’s megabanks is at best expensive, at worst foolhardy.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)