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MUFG divests its entire stake in CIMB

Japan’s Mitsubishi UFJ Financial Group (MUFG) has offloaded its entire 4.6% stake in Malaysia’s CIMB Group Holdings for MYR2.56bn ($610m). The Japanese firm disposed 412.5 …

Russian central bank bails out B&N Bank

The central bank of Russia has agreed to bailout B&N Bank after the latter ran into financial problems. The Bank of Russia will serve as a key investor …

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