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www.a55555.net:More banks likely to exit investment banking

admin2022-08-258

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KUALA LUMPUR: More banks are likely to divest from investment banking services, given the weaker profit contribution amid poor market conditions.

As banks sharpen their focus on their core banking services businesses, more deals are expected to take place with banks divesting investment banking services next, after divesting their insurance businesses, to optimise capital use, said banking analysts.

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