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.