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1Q24 earnings: StanChart sees strong NNM in wealth; DBS hits record profits

Standard Chartered’s wealth and retail banking unit (WRB) recorded strong momentum in 1Q24 backed by positive net new money (NNM) flows. Previously known as consumer, private, and business banking (CPBB), Standard Chartered restructured its wealth management and consumer banking unit as WRB in April. It renamed its wealth management unit to “wealth solutions.” The wealth solutions unit covers investment products…

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