The Bank That Would Be King
A star is born. That's the message Malaysian Finance Minister Anwar Ibrahim delivered at the July 7 ceremony launching RHB Capital, a financial services giant. The key to the new company is the merger of DCB Bank and Kwong Yik Bank to form RHB Bank, with assets of $13 billion. Anwar, heir apparent to Malaysia's long-serving Prime Minister, Mahathir Mohamad, labeled it a "remarkable merger," thus anointing RHB Capital as a Malaysian standard bearer in Southeast Asia's booming financial-services sector.
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