Basically, the wheels came off the wagon. After charging to a record high of $37.20 on 14^th February 2022, DBS Group Holdings share price crashed to Earth, falling by a whopping 19% to reach $30.20 (at the point of writing). The bearish form of DBS Group Holdings share price certainly confounded investors as many are expecting the bank to benefit from the on-going interest rate hikes. What on earth is happening to the leading light of SGX? Truth be told, DBS Bank turned in a subpar 1^st quarter performance despite the rising interest rates. Net profit dropped 10% year-on-year to reach $1.8 billion. Many investors were still bullish on DBS Group Holdings share price following the acquisition of Citibank Taiwan consumer bank in January 2022. So you can imagine investors’ disappointment when the 1^st quarter business update was announced. The culprits for the poorer financial performances in 1QFY2022 were net fee income and other non-interest income....