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ING Group

Thai unrest thwarts Temasek’s business plans

The plan of Singapore's state investment holding Temasek to sell its shares in Thailand's Shin Corporation, which has been acquired from the family of...

There is remarkable activity going on in Southeast Asia with regard to mergers and acquisitions in the banking sector. Bank acquisitions are set for a record year of volumes with more than $20 billion worth of deals in the pipeline.

US-based bank JPMorgan will close its retail banking operations in Malaysia, its only presence of that business arm in Asia. The closure is part...