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ANZ Bank mulls reviving stake sale in Indonesia’s Panin Bank

  Bloomberg Australia and New Zealand Banking group Ltd (ANZ) is weighing reviving a stake sale in PT Bank Pan Indonesia, according to people with knowledge of the matter. ANZ has started preliminary talks with interested parties including other banks and tycoons in Indonesia, said the people, who asked not to be identified as the process is private. Shares of ...

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Credit Suisse sheds more investment bankers in Asia

  Bloomberg Credit Suisse Group AG is cutting more than two dozen front line roles at the investment bank in Asia as the Swiss lender grapples with losses and a weakening outlook for the global economy, people familiar with the matter said. The reductions in recent weeks fell across businesses including deal-making and trading, the people said, asking not to ...

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HSBC in talks to sell Russian unit to Expobank

  Bloomberg HSBC Holdings Plc is in talks to sell its Russia unit to local lender Expobank, according to two people with knowledge of the discussions. A deal would mark another exit of an international lender after the Kremlin-ordered invasion of Ukraine. Societe Generale SA agreed to sell its Rosbank PJSC unit to the investment firm of Russia’s richest man, ...

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