MOVES by banks to merge and form larger financial services groups are picking up steam again, more so in view of the need to build capacity to meet the challenges of globalisation.
Yesterday, Commerce Asset-Holdings Bhd (CAHB) announced it has received Bank Negara's approval to begin negotiations with AMMB Holdings Bhd on possible mergers between Bumiputra-Commerce Bank Bhd and AmBank Bhd, and between Bumiputra-Commerce Finance Bhd and AmFinance Bhd.
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