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Taiwan regulator grants second batch of WM licences to four banks

Four more banks in Taiwan have been granted wealth management licences by the island’s Financial Supervisory Commission (FSC) to serve HNW clients with NT$100 million assets or above, the regulator announced on Tuesday. Cathay United Bank, UBS AG’s Taipei branch, First Bank Taiwan, Taiwan Cooperative Bank have joined the three others — CTBC Bank, Megabank, and Shanghai Commercial & Savings…

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