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Malaysia scraps plan to form mega bank

Thursday, January 15, 2015 - 05:50
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CIMB Group Holdings, RHB Capital and Malaysia Building Society have agreed to scrap a three-way merger that would have created Malaysia's largest banking group, citing current economic conditions.

Kuala Lumpur

CIMB Group Holdings, RHB Capital and Malaysia Building Society have agreed to scrap a three-way merger that would have created Malaysia's largest banking group, citing current economic conditions.

"The decision to cease discussions was arrived at after a detailed

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