What You Need to Know About Abu Dhabi’s Plan for a Megabank: Q&ABy
Investment bank EFG-Hermes says deal lacks ‘clear rationale’
Analysts say merger could trigger more banking industry deals
National Bank of Abu Dhabi PJSC and First Gulf Bank PJSC, the two largest banks in the oil-rich emirate of Abu Dhabi, said on Sunday that they’re in early stage merger talks. A combination would create a regional powerhouse with assets of about $170 billion and a larger market valuation than Deutsche Bank AG and Credit Suisse Group AG.
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