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Southeast Asia's largest bank says wealth management, capital markets business face challenges

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cnbc.com

In this article DBS Group CEO Piyush Gupta said the bank's wealth management and capital markets businesses continue to see «headwinds,» despite the bank reporting robust second-quarter earnings. «Business momentum is a bit mixed.

Our corporate lending activities are actually doing quite well. And so the balance sheets continue to grow,» Gupta told CNBC's «Capital Connection» following the release of the bank's results Thursday. «Private banking customers have been reluctant to put money to work, that obviously is a challenge.

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