The stock was down as much as 4.6% in Singapore on Tuesday as the lender reported a decline in lending margins.
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Manulife said the deal reflects growing demand from ultra-wealthy clients to preserve their assets.
The lawsuit appears to be the first from a major company since the Supreme Court’s tariff ruling, which did not address how refunds would be handled.

Loke says govt’s response to MACC ‘corporate mafia’ claims ‘inadequate’
DAP secretary-general says the public’s expectations have not been met in the MACC scandal.
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Adzhar Ibrahim
Finding the funny in the serious (and the vice in the versa…)
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