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StanChart, NTUC Enterprise said to be planning virtual bank here
Sources say bank will hold majority stake in venture, but talks are ongoing and initiative is still at early stage
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ST ILLUSTRATION: MANNY FRANCISCO
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SINGAPORE (BLOOMBERG) - Standard Chartered Bank is planning its second digital-only bank in Asia, teaming up with NTUC Enterprise, according to people familiar with the matter.
The London-based bank would hold a majority stake in the new venture, with the remainder held by NTUC Enterprise, said the people, who asked not to be identified as the matter remains confidential.
