financial forecasts

It was announced that Australia and New Zealand Banking Group was raising $2.5 billion ($1.95 billion) partially to fund a possible purchase of some of Royal Bank of Scotland's Asian assets.

ANZ stated it had made a non-binding bid for the assets. There were some other institutions such as HSBC Holdings and Standard Chartered who have also expressed interest in buying the assets put up for sale with the aim of retreating to home markets and exit or shrink in up to 36 of the countries where RBS operates.