AUSTRALIA: ANZ bank to make Asian acquisitions
Updated
An Australian bank has announced an aggressive new strategy to share in the spoils of Asia's economic boom. ANZ, the country's third biggest bank, will set aside one billion Australian dollars for acquisitions in Asia. New CEO Michael Smith says he wants to turn ANZ into a super-regional bank, not only in China but in India, Southeast Asia, Korea and Japan.
Presenter: Joanna Mccarthy
Speakers: Michael Smith, chief executive officer of ANZ Bank Australia; Barry Williams, Professor of Finance, School of Business, Bond University
