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DBS WM 4Q19 fee income grew 31% YoY, outlook on track despite COVID-19

DBS Group on Thursday released its quarterly and 2019 annual results. Fee income at DBS Wealth Management jumped 31%, and AUM grew 11% YoY in 4Q 2019. Announcing the results, Group CEO Piyush Gupta said that the bank’s overall outlook for this year would be on track with pre-virus estimates and that full-year revenue will be negatively affected by around…

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