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RHB-AmBank talks on all-share merger get central bank nod

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Malaysia's RHB Bank and AMMB Holdings (AmBank) are likely to abandon their planned merger, three sources familiar with the matter told Reuters on Tuesday.

Kuala Lumpur

MALAYSIA'S central bank has approved the commencement of negotiations between RHB Bank and AMMB Holdings Bhd (AmBank group) for a proposed merger, which, if successful, would lead to the creation of the fourth largest banking group by asset size in the country.

RHB and...

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