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Wealth management stands out for Singaporean banks in 3Q22

Singaporean banks did well from wealth management in 3Q22, delivering record results even though fee income came under pressure. Overseas-Chinese Banking Corporation reported on Friday (4 November) that its wealth management income grew by 21% to SGD 1.12 billion, making up 35% of the group income in the quarter. The bank’s wealth management business, which comprises insurance, private banking, premier…

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