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Singapore banks may see worst-case hit of 14-18% on revenue over consumer relief: Jefferies

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Jefferies has maintained its "buy" call on DBS and OCBC, and its "hold" recommendation on UOB.

AT a worst-case scenario, Singapore banks may see a 14 to 18 per cent hit to their revenue in 2020 following the latest virus relief measures for consumers, said Jefferies Research in a report on Wednesday.

The Monetary Authority of Singapore (MAS) on Tuesday announced ...

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