The atmosphere in Glodok, Jakarta's Chinatown, on September 2, 2019.Photo: Agoes Rudianto

Asia-Pacific banks must make radical changes to survive the coming slump, as late-stage economic cycle looms

  • Nonbank players putting ‘significant pressure’ on business models for lenders in Asia, according to McKinsey
  • Asian lenders ‘ripe for consolidation’ as they seek scale, McKinsey says
Topic |   Banking & Finance

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The atmosphere in Glodok, Jakarta's Chinatown, on September 2, 2019.Photo: Agoes Rudianto
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