The Bank Merger Plot
There is much talk among former bank owners of a plot to merge recapitalized banks. The Lippo Group, for example, has long had ambitions to set up Power Bank, a merger of several failed banks.
January 30, 2001
ANY plans the government has to merge banks during this Year of the Snake are still very much on the drawing board. However, rumors of a plot have already started. Last week, for example, Soebowo Musa, the head of the Restructuring Division of the Indonesian Bank Restructuring Agency (IBRA), made a statement that shook many people. Without any prior warning, he suddenly announced that there was a risk that both Bank Universal and Bank Internasion
...