ANZ Bank chief executive Mike Smith has so far been the face of Australian banking executives hoping to build their company’s future on the misfortune of the Europeans, specifically by picking up Asian assets. But ANZ isn’t the only potential beneficiary. Macquarie Group is reportedly in the running to pick up billions in discounted aircraft financing loans as Societe Generale tries to right itself. Meanwhile, Fortescue Metals Group is likely to take a partner to develop the much-bigger-than-first-thought North Star magnetite tenement – could this be an opportunity to build on its relationship with China’s Baosteel? Elsewhere, some big savings have been spotted in the Whitehaven-Aston tie-up, Goodman Fielder and Billabong both bear the marks of a struggling company with curious private equity fingerprints and a back of the envelope calculation shows Spotless Group’s register is getting quite crowded with shareholders that want a board spill.