Australian Lenders Target Asia As Europe’s Banks Retreat

Australia’s big banks–renowned for their sturdiness–are muscling into Asia as Europe’s crisis-hit lenders are forced to reel in their almost $500 billion exposure to the region. Eurozone banks have cut their involvement in Asia by as much as 30% since the collapse of U.S. investment bank Lehman Brothers in September 2008, according to Barclays research. CONTINUE AS YOU ENTYER @WSJ

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