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APAC banks could see M&As, not so much for Singapore: report

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Tay Peck Gek

Tay Peck Gek

Published Mon, Jul 1, 2019 · 09:50 PM

    Singapore

    ASIA-PACIFIC banks have to be cost-efficient or prepare to be acquired, warned McKinsey & Company. But there is considerably less room for consolidation in Singapore.

    The American management consulting firm McKinsey, in its Asia-Pacific Banking Review released on July 2, said that financial institutions in the region are headed into a "perfect storm".

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