The Bank Merger Plot
Tuesday, 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
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