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Bank of Singapore AUM bounces back; OCBC WM income hits record high

OCBC Group has released its 3Q20 results, showing some resilience in its private banking franchise and wealth management business amid an uncertain outlook for a recovery. By 30 September 2020, assets under management (AUM) of Bank of Singapore were up 3% QoQ, and 5% YoY, to US$116 billion. Bank of Singapore recorded an AUM of US$113 million in 2Q20, and…

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