Compiled by Usha Devi
RECORD DEAL: (March 15) After resisting for months in wait of a better deal, the Southern Bank Bhd (SBB) board of directors accepted on Wednesday the RM7.6bil offer by Bumiputra-Commerce Holdings Bhd (BCHB). The merged entity, to be known as CIMB bank, will have an asset size of RM152bil, and the deal is expected to trigger the next wave of mergers in the banking industry.
