Banks regroup as Malaysian mega-merger collapses

CIMB, RHB Capital and MBSB’s planned $20 billion merger flounders but RHB still wants to bulk up.

Banks regroup as Malaysian mega-merger collapses

CIMB Group, RHB Capital and Malaysia Building Society MBSB were mulling their options on Tuesday after their $20 billion mega-merger has collapsed, according to well-placed sources.

Confirmation of the three-way merger’s collapse may come as soon as this week, people familiar with the matter told FinanceAsia.

RHB, which has been an acquisition target several times before in 1998 and 2011, wants to bulk up to preserve...

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