Standard Chartered, one of the two leading custodian banks in Asia, has failed in its bid for a controlling stake in the Indonesian bank PT Bank Central Asia. Instead, the 51 per cent stake sold by the Indonesian government has gone to San Francisco-based Farallon Capital.
Standard Chartered Loses PT Bank to Farallon Capital
Standard Chartered, one of the two leading custodian banks in Asia, has failed in its bid for a controlling stake in the Indonesian bank PT Bank Central Asia. Instead, the 51 per cent stake sold by the Indonesian government has