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AMMB, RHB Bank to scrap proposed merger

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. RHB and AMMB had difficulty reaching agreement on terms, one of the people said, asking not to be identified because the information is private. The companies could announce as soon as Tuesday ...

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Bahrain may need to boost interest rates

Reuters Bahrain may need to raise its market interest rates to protect its currency and must refrain from having its central bank lend money to cover the government’s budget deficit, the International Monetary Fund said. In a statement released after annual consultations with the Bahraini government, the IMF repeated earlier warnings that more steps by Bahrain to cut its deficit ...

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TD Ameritrade follows Bank of America with Facebook chatbot

Bloomberg Financial chatbots are all the rage these days. TD Ameritrade Holding Corp. is the latest in a string of firms seeking to make it possible for customers and prospective clients to ask a robot their most burning financial questions. In a partnership with Facebook Inc. announced on Tuesday, users of the tech giant’s Messenger service will be able to ...

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