Singapore Banks' Wealth Fees Could Get Boost From Middle East Conflict -- Market Talk
Dow Jones
6 hours ago
0116 GMT - Singapore lenders could gain from risk-off sentiment in the Middle East thanks to the region's ongoing conflict, says CGS International's Tay Wee Kuang. Capital could exit the Middle East and enter Singapore or Hong Kong in a flight-to-safety move, he says in an email. All three Singapore banks have exposure in both cities and could see a boost in wealth-management fee income, the analyst adds. Wealth-management fee income has become a key source of earnings for DBS Group, Oversea-Chinese Banking Corp. and United Overseas Bank as declining interest rates weigh on interest income. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 05, 2026 20:16 ET (01:16 GMT)
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