SINGAPORE (Nov 5): Very little went wrong for DBS Group Holdings last quarter. Singapore’s biggest bank, the last to report earnings, posted a 76% jump in net income. Net interest margins widened 13 basis points and credit costs were 71% lower than a year earlier. Investment banking wobbled, but trading income surged to compensate.

The joys of being a bank in a rising interest-rate environment may be coming to an end, however.

Consider deposits. The cheapest varieties of this staple diet – current- and savings-account deposits in Singapore dollars – fell 1% from June. Including all currencies, overall deposits were stagnant by volume and cost 10 basis points more to procure than in the previous three months.

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