MBB and CIMB can merge if BNM allows.

As for PBB, well it is harder to gain ground on merger exercise as it is under BNM's regulations and BNM dictates dos and don't. Or else CIMB can't buy SBB already-loh.

What is in the rumours is PBB and HLBB but alas, to allow the last 2 chinese-like Banks merged is akin to make them stronger. Would BNM allow? The 3rd last chinese-like Bank is SBB and see what happens.