Banks sing auld lang syne amid existential question: what is a bank? | Trafigura sees higher volatility in oil market next year

If this e-mail is not displayed properly, click [here.]( [View In Browser]( TUE, DEC 12, 2017 Get Briefed Daily EDITOR'S CHOICE [Banks sing auld lang syne amid existential question: what is a bank?]( THREE years ago, McKinsey took the view that while fintechs would hurt the margins of global banks, banks would be able to stand their ground in holding on to customers. [Trafigura sees higher volatility in oil market next year]( OVERSUPPLY and relatively low volatility in the oil market reduced margins and arbitrage trading opportunities for Trafigura Group this year. [Asian equities set for 'bullish' road ahead driven by earnings]( WITH inflationary pressures building up in 2018, the Asian equities market is set for a bullish road ahead, as earnings are poised for stronger growth and returns expected to be good. [Lifestyle]( [Food for thought]( [Low Kee Hong]( [Family-friendly paradise]( [Breaking News]( [Companies & Markets]( [Infinio explains Monday's volume jump with exploration of fund-raising avenues]( [Keppel O&M bags S$130m contracts]( [Real Estate]( [Sweden braces itself for property market's 'November Noir']( [SingHaiyi takes stake in Cromwell Property Group]( [Banking & Finance]( [HSBC avoids prosecution as US deal lapses]( [Brexit-battered Pound as volatile as emerging market currencies]( [Energy & Commodities]( [Gold steadies below US$1,250 an ounce awaiting Fed meeting]( [Oil gains on Forties Pipeline shutdown, New York blast]( [Technology]( [Nokia's COO quits after eight months in the job]( [Fired Indian technology workers turn to chatbots for counselling]( [Consumer]( [China's Tencent plans to buy 5% stake in Yonghui Superstores]( [Saving for retirement the top financial goal for those in Asia: survey]( [Transport]( [Uber stays on London Streets until at least April on appeal]( [Keppel O&M bags S$130m contracts]( [Government & Economy]( [Trump wants Congress to fix 'lax' immigration after New York attack]( [WTO losing focus, must rethink development - US trade chief]( [Life & Culture]( [Step up to a world of magical shopping]( [The Shape of Water' leads Golden Globe nominations with seven]( [Stocks]( [Europe: Tumbling techs dominate stocks, despite bank bounce]( [US: Dow, S&P 500 end at records, Apple gains on Shazam buy]( [Today's Paper]( Premium Content [Top Stories]( [Banks sing auld lang syne amid existential question: what is a bank?]( [PE fund aims to fill gap in energy and chemicals sector]( [Fresh beginnings with new fee guide for doctors]( [Companies & Markets]( [PE fund aims to fill gap in energy and chemicals sector]( [Three Singapore firms in Deloitte's 2017 ranking of fastest-growing Asia-Pac tech firms]( [Trafigura sees higher volatility in oil market next year]( [Real Estate]( [London property market likely to stay weak in 2018]( [SC Global makes maiden acquisition in Tokyo's Ginza]( [China rental push spurs new breed of property bonds]( [Banking & Finance]( [Banks sing auld lang syne amid existential question: what is a bank?]( [Bitcoin surges past US$18,000 in debut on Chicago bourse]( [SoftBank's Saudi links may mean cash after purge]( [Energy & Commodities]( [Mineral Resources bids for Australian gas firm AWE]( [Small Canadian miners in pole position for electric vehicle battery demand]( [Monsanto offers cash to US farmers who use controversial chemical]( [Technology]( [Uber in court to fight for London operation]( [Comfort needs to reinvent itself before it becomes a museum piece]( [Net neutrality's holes in Europe may offer peek at future in US]( [Consumer]( [Hospital operators in merger talks to form US industry leader: WSJ]( [Philippines defied local specialists' advice in pursuing dengue immunisation programme]( [Bluebird, Celgene myeloma therapy improves with time, study finds]( [Transport]( [Singapore competition panel lifts curbs on car service and repairs]( [Maersk sees falling rates in bearish sign for trade]( [VW chief says German govt should end subsidies for diesel cars]( [Government & Economy]( [Fresh beginnings with new fee guide for doctors]( [Stronger US economy could spur earlier Fed hike in 2018: survey]( [Trial under way for car clearance at checkpoints to go high-tech]( [Opinion]( [Trump and Jerusalem: much ado about nothing]( [Low expectations from WTO Ministerial]( [Current US policy on Russia and China spurs them to band together]( [Life & Culture]( [At Ailey, a dance set to Coltrane finds a sombre radiance]( [For Berliners, life in techno capital is not always a party]( [SME]( [Model of an agency owner]( [Why business in Asia is changing (for the better)]( Follow Us [Facebook]( [Twitter]( [Linkedin]( Download The BT Apps [iPhone]( | [iPad]( | [Android]( [About Us]( [Contact Us]( [Help]( [Terms & Conditions]( [SPH Websites]( [Data Protection Policy]( If you want to unsubscribe from this mailing list, [click]( here.