Asia Market round-up: Prepare for a banking battle

Foreign institutions considering an M&A foray into the financial services sector in Asia might want to pick up a copy of PricewaterhouseCoopers’ recent report on the matter before doing so.

Entitled Going for growth, the outlook for M&A in the financial services sector in Asia the report highlights some interesting key trends among those seeking to muscle their way into the world’s fastest-growing economic region.

PWC also offers two key warnings to potential market entrants. First, the landscape in Asia is becoming increasingly competitive and entrants should “prepare for longer, more aggressive M&A, joint venture and partnership deals”. Second: “Organic growth is OK, but not enough – and not possible in many markets.

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