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DBS WM posts 15% YoY income rise in 1Q19

DBS’s wealth management business achieved robust income and AUM growth in the first quarter of 2019, buoyed by healthy business momentum and a higher net interest margin, according to the Singaporean lender’s financial results for 1Q19. “The second half of 2018 was challenging given risks such as US-China trade tensions and Fed rate hikes, and the accompanying volatility that took…

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