Just saw that OCBC Bank from Singapore is apparently in the lead to snag HSBC's retail operations in Indonesia. They're reportedly bidding higher than everyone else and could end up as the preferred buyer. The valuation on HSBC's Indonesian retail assets is being discussed at over 6 trillion rupiah according to Bloomberg - that's pretty substantial for a retail banking deal in the region. What's interesting is how many heavy hitters are still in the running though. You've got DBS and UOB from Singapore, CIMB from Malaysia, and even Sumitomo Mitsui from Japan trying to get a piece of this. Talks are still ongoing so nothing's locked in yet, but OCBC's looking like the strongest contender right now for acquiring these retail banking operations. Could be a significant consolidation move in Southeast Asian retail banking if it goes through.