It is always a formidable challenge to merge companies, but for Commerce International Merchant Bankers Berhad (CIMB), its integration with commercial banking giant Bumiputra-Commerce Bank Berhad (BCB), and subsequently Southern Bank Berhad (SBB), was a more gargantuan achievement than most.
First, there was the huge effort needed to merge an investment bank with two separate commercial banks, each with their own inherent cultures. CIMB, whose strengths lay in capital markets and investment
- Regulators to scrutinise CCP default auctions
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Sefs, Libor fallbacks and risk governance in Asia
- VAR surges, revenues tank at French banks hurt by volatility
- A rush on Libor fallbacks to head off holdouts