Why did CIMB sell half its international brokerage business to China Galaxy? It is a coincidence of interests: survival on one side, expansion on the other

A suggested merger of two of Malaysia’s large banks and the sale of half of another’s international brokerage to a Chinese peer have shaken up the country’s financial services industry in the space of a week – what’s happening?

Asian banks are increasingly proving themselves to be much more than just volume-hungry lenders.

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