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Crazy trading by rich Asians saves DBS blushes

Rich clients taking to trading generated record fees at DBS Group’s wealth management business, helping the Singapore bank to weather the impact of COVID-19 related lockdowns in its home market and making allowances for loans potentially turning bad. For the full year of 2020, DBS Group reported a net profit of S$4.72 billion, 26% below the record income earned in…

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