Singaporean Bank Attracts $61 Billion in Asian Wealth
Bloomberg•2026-02-25 18:23
🤖 AI Summary
Singapore's top 3 banks saw a net inflow of $61 billion as geopolitical tensions and trade uncertainties drove Asian wealthy individuals' assets to the country. The wealthy prefer Singapore as a safe haven for their assets.
📊 Comment: Geopolitical risks are intensifying the preference for safe assets.
Singapore's top 3 banks saw a net inflow of $61 billion as geopolitical tensions and trade uncertainties drove Asian wealthy individuals' assets to the country. The wealthy prefer Singapore as a safe haven for their assets.
📊 Comment: Geopolitical risks are intensifying the preference for safe assets.
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