Over 10 banks, insurers risk ‘forced’ merger in race for new capital

Barely six months to the end of the recapitalisation window, over 10 mid-tier and marginal banks are still grappling with multiple setbacks that could ruin their chances of securing the required capital thresholds and ultimately result in merger and acquisition or, in the worst case, forced liquidation as the deadline approaches.

Geoff Iyatse, Business Editor