M&A activity is changing the Asian banking landscape and the relative positions of banks in Euromoney’s rankings. The merger, in October, of two Japanese banks, the Mitsubishi Tokyo Group and UFJ Holding, created Asia’s largest banking group. Asian banking assets are also attracting international interest from inside and outside the region.
Cross-border M&As have pushed foreign direct investment in Asian banking assets to near the $12 billion mark, as at October. This comes on top of the $6.6
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