Doubts cast on synergies from merger


If MBSB is part of the deal for the mega merger, then there would be fewer redundancies.

DECLINING market conditions have cast doubts over the synergies that can be derived from the three-way bank merger, which, in turn, have led to a relook at the exercise.

Sources say the next two weeks will be crucial, as the parties deliberate if the projections and benefits from the merger can be achieved, given that the market has taken a turn for the worse in the last few months.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Banking , CIMB , RHBCap , MBSB

   

Next In Business News

Bursa reach to bridge investor-remisier gap
BP profits drop to US$2.7bil, refinery outage offsets higher output
UOB Malaysia launches Masterclass to help businesses for EU's Carbon Border Policy
Oil climbs after Israel strikes Gaza, truce talks continue
Overcapacity talk won't affect MNCs' commitment
Nintendo expects to sell 13.5 mln Switch units this year
M&A Securities and Newparadigm back Siab’s acquisition of Taghill with rights issue
Saudi Aramco maintains dividend despite lower net income in Q1
Pekat unit in negotiations over purchase of stake in electrical power solutions firm
Asia shares rise on rate cut bets; Aussie slips on RBA

Others Also Read