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ANZ's Elliott picks wrong target in retreat from Asia

Mr Elliott seems determined to hold on to an institutional banking business that's a worse performer than the stuff he's jettisoning.


SHAYNE Elliott's attempt to unwind Australia & New Zealand Banking Group Ltd's Asian expansion appears to be hitting its limits.

ANZ's A$1.84 billion (S$1.93 billion) sale of its stake in Shanghai Rural Commercial Bank represents almost half the A$4.27 billion in Asian...

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