Investment banking facing increasing pressure

Slow deals: A money changer displaying RM100 bills in Kuala Lumpur. As cash is more important than ever now due to the pandemic, companies are preserving it. – AFP

AS A whole, the banking sector is facing increasing pressure by the day.

With expected further interest rate cuts, which will curb the income growth of lenders, and slowing consumer spending which shows no signs of recovering soon, the outlook is far from rosy.