Abu Dhabi Confronts Glut of Banks With Three-Way Merger Plan
Skyscrapers stand on the city skyline in Abu Dhabi, United Arab Emirates. (Photographer: Duncan Chard/Bloomberg)

Abu Dhabi Confronts Glut of Banks With Three-Way Merger Plan

(Bloomberg) -- Abu Dhabi is engineering a second bank merger in its latest attempt to stay competitive in the era of lower oil prices. The shares of the two listed banks in the potential deal surged.
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