Malaysia's AmBank, RHB Bank plan to scrap proposed merger

Malaysia's AmBank, RHB Bank plan to scrap proposed merger

An RHB Investment Bank Bhd.-branded overpass, photographed through a taxi, stands outside the company's headquarters in Kuala Lumpur, Malaysia, on Monday, July 21, 2014. Photographer: Brent Lewin/Bloomberg

RHB Bank Bhd., Malaysia’s fourth-largest lender by assets, and AMMB Holdings Bhd. are planning to scrap their proposed merger, according to people with knowledge of the matter.

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