Thursday, February 17, 2011


SGX/ASX: In a show of support, ANZ Bank chairman John Morschel has strongly supported the $8b offer by SGX for ASX Ltd, arguing the two countries' financial markets "must come closer together if Australia wants to be part of Asia….

The strong endorsement from Mr Morschel, a SingTel director from 2001-10 and chairman of the nation's most active bank in the region, came as SGX played down the prospect of any further tinkering to smooth the bid's political passage.

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