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DBS said to be frontrunner for another mid-sized private bank in Asia

Less than eight months after UBP successfully inked a deal to acquire Coutts’ international business, yet another mid-sized private bank’s Asia business is believed to be up for sale, further driving home concerns about the sustainability of servicing Asian HNWIs in the region without scale. Multiple industry sources tell Asian Private Banker that Barclays’ private banking business in Asia may…

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