DBS
DBS is a Singaporean multinational banking and financial services corporation offering services in consumer, SME and corporate banking activities across Asia and the Middle East.
See below for the Latest DBS News, Analysis, Profit Results, Share Price Information, and Commentary.
Hiring freeze felt as HK banks focus on talent development
Hiring freeze felt as HK banks focus on talent development
Many senior roles in banking get cut, but relationship managers, private bankers, and tech roles remain sought after.
DBS earnings up 45% to S$5.26b in H1; Q2 dividend at 48 cents
This brings the first half dividend to 90 cents per share.
SG incumbent banks unlikely to take hit from neobanks' deposit cap raise: Fitch
Digital banks could face challenges beyond funding.
DBS Hong Kong to keep sound asset quality: Moody's
It is expected the bank will keep stable asset quality.
DBS sells 77.8% stake in AXS to Tower Capital Asia
AXS became a subsidiary of the bank in 2006.
DBS upskills sustainable financing knowledge of 1,600 relationship managers
The bank will incorporate the workshops as part of its training curriculum for incoming RMs.
‘Human error’ reason for DBS digital banking glitch in May
The incident caused disturbances in mobile, electronic and ATM transactions.
MAS unveils open-source toolkit for responsible AI-use in finance
It was supported by the collaborative effort of the association of 31 industry players.
MAS forms Project Guardian Industry Group with 11 FIs
The report explores the application of CPMI-IOSCO principles for financial sector infrastructures to emerging models of digital asset networks.
Clifford Capital Holdings names J.P. Morgan banker as new CEO
P. Murlidhar Maiya was CEO of the bank’s South and Southeast Asia businesses.
MAS fines 4 entities S$3.8m for failures in anti-money laundering controls
DBS and OCBC are fined S$2.6m and S$600,000, respectively.
DBS launches multi family office platform
The bank is already in talks with over 20 clients and prospects across Asia.
Singapore’s NETS boosts touchless payment options
Consumers can now use their Mastercard and Visa debit cards to make NETS contactless payments locally.
DBS imposed with $1.6b additional capital requirements for service disruptions
Total additional regulatory capital has now reached about S$1.6b (US$1.2b).
David Ho joins DBS board
Effectivity of his appointment begins on 26 April.
DBS India launches investment solutions in online platform
The platform is powered by Morningstar.
Disruption of DBS’ digital services is unacceptable – MAS
The last digital disruption happened 16 months ago or November 2021.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks
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Empowering Women in Finance: Securing a Future of Opportunity
Generative AI revolution: Asian banks on the brink of a new era