On the domestic front, DBS missing third-quarter profit estimates highlights the shifting macro backdrop. With weaker m…
On the domestic front, DBS missing third-quarter profit estimates highlights the shifting macro backdrop. With weaker markets trading income weighing down non-interest channels and interest rates normalizing, local banks are entering a period where net interest margin (NIM) expansion is no longer an automatic tailwind. Near-term volatility in local financials looks likely until rate stabilization forms a clearer base.
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