CIMB’s Nazir faces headwinds after bold Asia expansion

Nazir Razak, the chief executive of Malaysian bank CIMB, says his country is “at a crossroads” ahead of elections that his brother, the prime minister, must call within weeks. The same can be said of his bank.

A US$3.7 billion Asia expansion by CIMB, aiming where others have failed to build a regional powerhouse by tapping fast-growing markets, is running into stiff headwinds from competition, rising costs and capital constraints.

via Business feed http://www.scmp.com/business/banking-finance/article/1152992/cimbs-nazir-faces-headwinds-after-bold-asia-expansion