Singapore banks smashed new highs in wealth business amid bad-debt fears
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THE focus on Singapore banks' debt relief impact in the year of Covid-19 might have obscured how they hit new records in the area of wealth management in 2020.
This business will continue to be a key growth driver for the Singapore-listed banks, and puts the trio in good stead as rising rates will provide a much-needed boost to their interest income as well.
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