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CIMB switches to consolidation mode

CEO says 2015 is 'recalibration year'; more cost cuts ahead for the M'sian bank

Kuala Lumpur

CIMB Group Holdings, Malaysia's second-largest lender by assets, plans additional cost cuts after abandoning a three-way merger with major domestic competitors, before switching to focus on revenue growth next year.

The bank is seeking the cost reductions on top of the

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