ANZ is trying to raise up to $2.85bn by selling new shares to help fund its bid to buy Asian banking assets from Royal Bank of Scotland.
Is this a wise expansion or a potentially disastrous move away from its core Australian business?
The bank has lodged a non-binding bid to buy "selected" assets from RBS, which is selling retail and commercial banking units in eight Asian countries, including India, China, Hong Kong and Singapore.
Would buying into these key markets help ANZ achieve its goal of becoming a "super regional" lender in Asia?
HSBC and Standard Chartered are also in the hunt, but might not be interested in everything, which could allow ANZ to secure some businesses.
Which parts of RBS should ANZ be aiming for? Or should it stay well away? Let us know below.