China Cosco Shipping Corporation
ANZ Scales Back in Asia, Sells Stake in Shanghai Bank
| S. Rina | | Jan 05, 2017 01:05 AM EST |
Australian banking giant ANZ Banking Group announced on Tuesday that it will divest its holding in Shanghai Rural Commercial Bank. The step is being seen as the reversal of the bank's earlier aggressive strategy to emerge as a super-regional bank in Asia.
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