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Maybank wins MAS approval for Singapore incorporation of its community financial services

Malayan Banking Berhad, or Maybank, has received the go-ahead from the Monetary Authority of Singapore (MAS) to locally incorporate its community financial services — including its private wealth, premier wealth, and privilege wealth businesses — in the city-state. MAS has granted a full banking licence with qualifying full bank privileges to Maybank Singapore Limited, which will operate as a wholly-owned…

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