Wednesday, 4 March 2020

Singapore banks face 'at best' competition for 3-5% of asset base from digital-only rivals: Jefferies


SINGAPORE (THE BUSINESS TIMES) - Amid the liberalisation of Singapore's banking sector with digital-only entrants, the incumbents "at best" face significant competition for 3 to 5 per cent of their asset base, according to a report by US investment bank Jefferies on Friday (Dec 3).

But that

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