'Supernormal' returns traditional banks enjoy to erode as challengers emerge: JPMorgan
Add BT as a preferred source
Singapore
THE industry stronghold held by banks, thanks to their access to cheap deposits, had for years allowed them to generate "super-normal" returns.
Merchant transactions charges, high fees, and commissions for remittances are just some examples, a report from JPMorgan showed. The biggest benefit can come from the free float - the time gap in which a bank receives and sends money - while charging for such payments services.
TRENDING NOW
High Court rejects bid to bring ST Engineering unit into trademark infringement suit over RSAF aircraft parts
5 takeaways from Singapore banks’ Q2 results – diverging outlooks, China tax rules emerge as new watchpoint
Ex-Sakae director Ong Siew Kwee handed 10.5-year jail term for misappropriating S$15.8 million, lying in court
Tan Kim Choo, wife of Ng Teng Fong, dies at 100
