Asian Banks Eye HSBC's Retail Assets in Indonesia

Several major Asian banks are reportedly preparing bids for HSBC's retail assets in Indonesia. Bloomberg posted on X, indicating that this move is part of their strategy to expand in Southeast Asia's largest economy. The interest from these banks highlights the growing focus on Indonesia's financial market, as they seek to strengthen their presence in the region. This development comes amid increasing competition among financial institutions to capture a share of the burgeoning market in Southeast Asia.