Daily Dispatches: ANZ takes all in Taiwan

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RBS will announce the sale of its Taiwan banking assets to ANZ as early as next week, people familiar with the situation said last night. One of them said Taiwan would be the first of several Asian retail and commercial banking assets that RBS will be selling. RBS's Taiwan investment banking operations would also be included in this sale, the person says. (The Australian)

Global insurer QBE is to pay $315m for the insurance arm of Elders as part of a wider restructuring and refinancing of the operations of the troubled rural services group. Elders shares soared. (Sydney Morning Herald)

Finance Minister Lindsay Tanner has described as "very premature'' claims the global financial crisis is over. Sydney's The Daily Telegraph plastered its front page this morning with the headline ''It's Over'' proclaiming the crisis had been "killed by unbridled optimism''. (Business Day)

Despite selling assets and surrendering control of key listed funds, Macquarie Group directors have denied the business model that has lined their pockets with gold is broken beyond repair. (Herald Sun)

Partners at law firms across the country are reeling from lower incomes, pressure to reduce fees, tight budgets and capital calls as the global financial crisis hits, a survey reveals. (News.com.au)

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