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Daily Dispatches: ANZ seals RBS deal

ANZ has agreed to buy some of RBS’s Asian businesses for about $US550m ($687m), as it pursues its strategy to become a super regional bank. ANZ will buy the retail, wealth management and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong, as well as RBS’s institutional banking businesses in Taiwan, the Philippines and Vietnam. (News.com.au)

Media reports out of the US are pointing to the possible acquisition of asset management group Delaware Investments by Macquarie Funds. (Money Management)

Bendigo and Adelaide Bank says additional provisioning will affect its previous guidance of cash earnings for the 2008/09 financial year. (Herald Sun)

Leading British banks Barclays and HSBC have raised hope of a recovery in the crisis-hit financial sector. (Sky News)

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