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One man’s trash

30 October 2019 By Clara Ferreira Marques

The UK bank is shopping its 45% stake in $3 bln Indonesian lender Permata, which it controls with a local conglomerate. Offloading risky assets will help boss Bill Winters with his sluggish recovery. Fortunately, SMFG and its peers are keen to gamble on the faster-growing market.

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