| Once again the possibility of DBS Bank and Oversea-Chinese Banking Corporation merging is being raised - this time by Nomura Equity Research. While certain quarters in Government and at Temasek Holdings may welcome the possible move, a merger of the two will certainly be met with dismay by the business community.
Nomura's speculation comes a year after former Minister Mentor Lee Kuan Yew called for a consolidation of the local banking sector. Mr Lee felt that the three local banks had to combine to expand meaningfully within and outside of Singapore..............................................Full Article: Source
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