Banking consolidation best with foreign participation

FOR some time now, it has been an accepted fact that on going efforts in the local banking consolidation scene seems to only involve local players.

True, there have been instances of foreign parties buying into local banks – in late 2006, Australia and New Zealand Banking Group Ltd (ANZ) first bought into AMMB Holdings Bhd and a year later Hong Kong’s Primus Pacific Partners bought into EON Capital Bhd.