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ANZ snares RBS Taiwan

Royal Bank of Scotland will announce the sale of its Taiwan banking assets to ANZ as early as next week, the Wall Street Journal reported overnight. RBS's Taiwan investment banking operations will also be included in this sale, the WSJ reported.The sale by RBS of its Taiwan banking business will be the first in a portfolio of retail and commercial banking assets of RBS in Asia that the bank has on the market.Based on past reports on the progress of this sale ANZ is also targeting RBS assets in Hong Kong, Singapore, Vietnam and Indonesia.

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