Daily Dispatches: CBA begins ING bid battle

CBA is one of at least six financial institutions Dutch banking and insurance company ING Group has picked to enter the second round of bidding for its Asian and Swiss private banking assets. (The Australian)

Macquarie has set up a trust company joint venture in China, allowing it to arrange domestic debt and equity financing. (Bloomberg)

Retail shareholders have warned they could oppose the re-election of NAB directors later this year, after the bank scaled back applications for the share purchase plan component of its capital raising. (The Australian)

The former head of research and investments within the wholesale business at UBS Global Asset Management, Piers Bolger, has resigned to take up a new research posting at BT Financial Group. (Money Management)