Indonesian banking

Indonesia lures bulge-bracket investment banks

Goldman Sachs's move to buy a local Indonesian brokerage is just the latest sign that foreign bankers are increasing their presence in Indonesia.
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Photo: AFP</div>
<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);"> Photo: AFP</div>

The resurgence of investor interest in Indonesia during the past three years has excited investment banks and prompted a minor frenzy of activity as they jostle for position in a market that many bankers once sneered at.

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