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With a wonky Fed beacon, Singapore banks face foggy times ahead

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Singapore banks had in February warned of a revenue impact of 1-2 per cent from the novel coronavirus outbreak.

WITH the surprise rate cut by the US Federal Reserve overnight, some analysts are likely tearing up their earnings and dividend estimates for the Singapore banks for 2020.

As it is, Singapore banks had in February warned of a revenue impact of just 1-2 per cent from the...