News Snapshot:
MUMBAI, Nov 3 (Reuters Breakingviews) - Singapore’s status as a financial centre is thriving, and DBS Group (DBSM.SI), the city-state’s $63 billion wealth darling led by Piyush Gupta, is reaping the benefits of its home market’s success. It wasn’t just rising interest rates that helped the city-state’s largest bank to post record net profit of S$2.24 billion ($1.6 billion) for the third quarter, a 32% year-on-year increase. The lender appears to be getting a lift from the city-state’s borders reopening. On the one hand, jet-set Singaporeans are travelling overseas again. Meanwhile, high earners are flocking to the hub, many of...
