Hedge Funds & Alternative Investments
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Abu Dhabi Confronts Glut of Banks With Three-Way Merger Plan
Abu Dhabi is engineering a second bank merger in its latest attempt to stay competitive in the era of lower oil prices. The shares of the two listed banks in the potential deal surged. Three of its state-linked banks are in talks to combine into an institution with $110 billion…
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Click here to read the full story: Bloomberg