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NTUC Income should avoid another 'POSB' episode amid bid to corporatise
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NTUC Income says corporatisation would help pave the way for fresh injection of capital from institutions other than co-ops and unions.
ST PHOTO: NG SOR LUAN
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SINGAPORE - Remember the POSB debacle?
It happened over more than decades ago when, under a previous DBS Bank chief executive, moves were afoot to gradually absorb the "People's Bank" after acquiring it, erasing the POSB franchise.
