Daily Dispatches: Deutsche Bank on track to double Asian earnings

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Deutsche Bank Co-CEO for Asia Pacific Gunit Chadha said the bank was on track to meet its objective of doubling earnings from the region between 2011 and 2015. (Asian Banking & Finance)

Westpac Banking Corporation made a surprise bid for a US$400m stake in Hong Kong’s Bank of East Asia in December, sending the clearest signal yet that Westpac is more serious about growing in Asia. (Sydney Morning Herald)

Ping An Insurance shares rose in Shanghai yesterday after the regulator approved Thailand's Charoen Pokphand Group Co's acquisition of HSBC's stake worth US$7.4bn in the insurer. (Shanghai Daily)

Macquarie Group shares have dropped after it forecast profit growth below market expectations, as soft conditions in its flagship investment banking business continue to drag on earnings. (Sydney Morning Herald)

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