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On-the-spot: three or more private banks to exit in next two years, say most respondents

Somewhat telling of the private banking industry in Asia, over half of respondents in Asian Private Banker’s weekly On-the-Spot survey believe more than three banks will exit or be acquired over the next two years. An overwhelming majority of 53% of respondents polled last week indicated as much, while 40% said they expected two-three consolidations or exits. The rest of…

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