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HSBC poised to snap up Asian assets of RBS

HSBC is closing in on the acquisition of the remaining Asian retail and commercial assets being divested by Royal Bank of Scotland, the UK lender.

People familiar with the matter said that the sides had struck a deal for the assets in China, India and Malaysia but that it was subject to regulatory approval in the three countries.

While limited in size, the acquisition would underscore HSBC's push to expand in Asia as a driver for its growth.

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