CBA kicks tyres on ING Private

Commonwealth Bank is one of half a dozen early bidders for the Asian private banking assets of ING Dow Jones, it has been reported.

ANZ considered a bid but decided against doing so according to Dow Jones.

Others on the list are Credit Suisse Group, DBS Group, Julius Baer and Standard Chartered. The Swiss private banking assets of ING are also for sale but these probably are of little interest to CBA.

Assets under management for the Asian private banking arm were around €11 billion at the end of the March 2009 quarter.