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ASEAN banks feel fee earnings pinch amid choppy markets

Some investors pulling back, hitting noninterest incomes of lenders

Fee earnings this month of ASEAN's largest banks -- United Overseas Bank, DBS Group Holdings and Oversea-Chinese Banking Corp. -- all dropped.   © Reuters

SINGAPORE -- A number of banks within the 10-member Association of Southeast Asian Nations are grappling with a squeeze in fee earnings, latest reports show, as choppy markets hold some investors back -- hitting lenders' noninterest incomes.

Financial institutions in Singapore and Thailand have witnessed a drag in their wealth management units, even as an elevated interest-rate environment helps banks generate beefier margins from lending activities.

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