RHB Capital has announced that it has no plans to merge with AMMB Holdings, following reports that the company may revisit earlier plans of a merger. The statement was issued following a news report saying that RHB Capital may revisit earlier plans to merge with AMMB Holdings. The announcement comes after an article in the Wall Street Journal reported on Tuesday that RHB, which is based out of New York City, was considering merging with rival insurer MBIA.
RHB Capital has announced that it has no plans to merge with AMMB Holdings, following reports that the company may revisit earlier plans of a merger. The announcement comes after an article in the Wall Street Journal reported on Tuesday that RHB, which is based out of New York City, was considering merging with rival insurer MBIA.