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

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Joydeep Sengupta,senior partner at McKinsey, says he is not ruling out consolidation for banks in Singapore but adds that the "opportunities are smaller".

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...