The press conference lacked the tears and self-abasement seen after some recent Japanese bank failures but management was certainly contrite. “It’s obvious to everyone that we’re not very good at banking,” said Sime Darby chief executive Nik Mohamed. “We’re good at making tyres and owning plantations.”
A few days earlier the Malaysian central bank, Bank Negara, had announced that Sime Darby’s subsidiary, Sime Bank, had lost M$1.8
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