LOOSE CHANGE
LOOSE CHANGE
Malaysia's Bank Negara last week adopted measures which favour the country's strongest commercial banks at the expense of their weaker competitors. Bank Negara apparently hopes that its new preferential terms will spur mergers between weaker banks in a "second tier" or with ten "first tier" banks. Under the new measures, first tier banks can issue negotiable instruments of deposit of up to five times their capital funds, compared with three times previously. First tier banks are also allowed to
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