The government-launched plan, which would merge three state-run lenders – Bank of Taiwan, Land Bank of Taiwan, and Export-Import Bank – would create a financial institution with an 18% share of the country’s banking market, assets of $160 billion and a combined market capitalization of more than $3 billion.
But so what? As critics point out, that would just create a much larger institution, with the same inefficiencies in place, and lacking any sort of impetus to reduce staffing levels.
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