Despite its regional ambitions, ANZ finds banks in Hong Kong too pricey to purchase

In an era of bank cutbacks, Australia and New Zealand Banking (ANZ), Australia’s third-largest bank by market value, aims to grow itself into a regional bank in the Asia-Pacific, but an acquisition in Hong Kong is not part of its plans.

via Business feed http://www.scmp.com/business/banking-finance/article/1405249/despite-its-regional-ambitions-anz-finds-banks-hong-kong