Taiwan 's Fubon Financial announced that it is considering further acquisitions , in a bid to expand and compete with its counterparts in the Asian market . This follows our report that it is considering purchasing a 39 % stake in Taiwan 's Panin Bank from ANZ . Taiwan is presently saturated by a huge number of financial institutions , which has led to its managers pushing its financial firms to go beyond the crowded local market and undergo regional mergers and acquisitions .
Taiwan's Fubon Financial announced yesterday it is considering further acquisitions, in a bid to expand and compete with its counterparts in the Asian market. This follows our report that it is considering buying a 39% stake in Indonesia's Panin Bank from ANZ. Taiwan is presently saturated by a huge number of financial institutions, which has led to its authorities pushing its financial firms to go beyond the crowded local market and seek regional mergers and acquisitions.