KL's three-way bank merger lacks oomph

FOR a banker well respected for his dealmaking ingenuity, CIMB boss Nazir Razak's newly hatched three-way merger plan involving CIMB Group, RHB Capital and Malaysia Building Society Bhd (MBSB) may be big, but it falls short of being daring. Nor is it beautiful.

Big AND beautiful, in a ground-shifting way, could have been that elusive deal where CIMB hooks up with Malaysia's largest bank Maybank and, with a fire power of $370 billion in combined assets, high jump to the second spot as South-east Asia's...

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