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Gupta: Laggard lenders will vanish in a decade

DBS chief says Western banks in particular caught up with regulatory changes instead of tackling digital banking, changes in consumption patterns and data-privacy issues
Thursday, May 7, 2015 - 05:50

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One decade is all the shelf-life some banks - especially those in the West - will have, DBS chief executive Piyush Gupta said on Wednesday.

Singapore

ONE decade is all the shelf-life some banks - especially those in the West - will have, DBS chief executive Piyush Gupta said on Wednesday.

He said these banks have been so caught up with regulatory changes that they have ignored the "profound" changes washing over the

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