Investment Banking
Mergers & Acquisitions
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Saudi's Alawwal Bank and HSBC-backed SABB in merger talks
Saudi lenders Alawwal Bank and Saudi British Bank <1060.SE> have agreed to start talks about a merger that could create the kingdom's third biggest bank with assets of nearly $80 billion. The announcement by the lenders on Tuesday is the latest example of consolidation in the Gulf's banking sector, where…
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Click here to read the full story: Yahoo Finance