Merger or train smash?

Everybody approves of the merger of National Bank of Dubai and Emirates Bank. Don’t they?

A new super-bank with assets of $44 billion, the biggest in the Gulf and now capable of challenging internationally, the merger of National Bank of Dubai and Emirates Bank is universally agreed to be a ’good thing’.

"It’s a very good move," says Karti Inamdar, banking analyst with Capital Intelligence, in the Gulf News. "I actually see plus-points all the way in a friendly merger of two healthy banks.”

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