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. Last Updated: 07/27/2016

Huge Malaysian Deal

KUALA LUMPUR, Malaysia -- Malaysia's Commerce Asset-Holding Bhd on Monday sealed a deal to buy state-owned Bank Bumiputra Malaysia Bhd in the country's largest banking merger.

The merged entity Bumiputra Commerce Bank Bhd will have some 65 billion ringgit ($17 billion) in assets and be the country's second biggest banking group behind Malayan Banking Bhd (Maybank).