Malaysia pushing for another round of Bank mergers?

The Independent
Mon, 27 Mar 2017 00:44:25 +0000
Singapore News, BANK MUAMALAT, bank negara malaysia, BANK RAKYAT, fintech, Islamic banks, Islamic finance, M&A, MBSB, rationalisation plan, talks

Malaysia has apparently started a new round of its financial sector rationalisation plan, a source said, citing mergers and acquisition (M&A) talks among several Islamic banking and financial institutions in Kuala Lumpur. “The plan is to create a mega-Islamic bank in a rush to be in the forefront of the Islamic banking world on a …