CIMB Group Holdings is in talks with foreign banks over creating partnerships for its securities business; some partnership scenarios include CIMB disposing of some stake in one, or a few, of its securities businesses. The company has been trying to sell off the remaining equity it holds in its U.S. brokerage business, which includes Merrill Lynch and Bank of America. CIMB has declined to comment on the reports.
CIMB Group Holdings is in talks with foreign banks over creating partnerships for its securities business; some partnership scenarios include CIMB disposing of some stake in one, or a few, of its securities businesses. This follows a management meeting last week, where new focus outside of Asean was discussed. CIMB has declined to comment on the reports.