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Corporate News

Goldman, Bank of America left off Ant IPO

NEW YORK: Goldman Sachs Group Inc and Bank of America Corp were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people familiar with the matter.

Business

MUFG on prowl for more tech investment

TOKYO: The days of aggressively buying South-East Asian banks appear over for Japan’s biggest lender, which is now focusing on digital investment to reach new customers and streamline operations.