Tuesday, January 13, 2015

Malaysian $20bn banking merger scrapped: report

A planned merger of two Malaysian finance firms that would have created the country's biggest bank has been scrapped three months after it was announced due to concerns about the economy, Bloomberg News reported Tuesday. The financial newswire, citing unnamed sources with knowledge of negotiations, said it was decided that the 72.5 billion ringgit ($20.3 billion) union of CIMB Group and RHB ...



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