Commentary

NTUC Income should avoid a POSB debacle

It must keep to purpose of providing insurance for average citizens even after corporatisation

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Remember the POSB debacle?

It happened over two decades ago when DBS Bank, under a previous chief executive, made moves to gradually absorb the "people's bank" after acquiring it, erasing the POSB franchise.

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A version of this article appeared in the print edition of The Straits Times on January 08, 2022, with the headline NTUC Income should avoid a POSB debacle. Subscribe