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Tough times ahead for S’pore banks but regional expansion puts them in good stead: Analysts
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High interest rates over recent years have proved a bonanza for DBS, OCBC and UOB.
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SINGAPORE – Singapore banks face tough times amid slowing global growth and lower margins, but analysts say their recent acquisitions will give them a leg up.
High interest rates over recent years have proved a bonanza for DBS, OCBC and UOB, but those heady days are drawing to a close with the United States seemingly ready to start cutting in 2024.
