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ING Group

Thai unrest thwarts Temasek’s business plans

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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...

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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.

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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...