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3 Malaysian banks announce merger

By WTOP Staff

KUALA LUMPUR, Malaysia (AP) — Three Malaysian banks have announced plans for a merger to create Southeast Asia’s fourth-biggest commercial lender and an Islamic bank.

CIMB Group Holdings Berhad, RHB Capital Berhad and Malaysia Building Society Berhad said Thursday they have submitted the proposed merger to the country’s central bank.

If approved, the combined entity would pass Malayan Banking Berhad as the country’s biggest commercial bank.

The banks said in a joint statement that they hope to sign an agreement by early 2015 and complete the deal by mid-year.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
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