Malaysia’s Maybank prepares to spin off and list insurance unit: Sources

The Straits Times Malayan Banking Bhd (Maybank), Malaysia’s biggest bank, is preparing to spin off and list its Etiqa insurance arm on the local stock exchange, sources with knowledge of the matter said on Wednesday. Etiqa, which operates in Malaysia, Singapore, the Philippines and Indonesia, is estimated to be worth at least $1 billion, two […]