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Singapore’s largest bank, DBS, is financially exposed to the tune of around S$100 million (US$73.8 million) to a recent money-laundering scandal in the city-state, its chief executive said Monday.
DBS said its January-March net profit declined to S$2.9 billion ($2.24 billion) from S$2.95 billion a year earlier, due to higher tax expenses from the implementation of the 15% global minimum tax.
Some customer information from Singapore's DBS Group and Bank of China's branch in the country has potentially been compromised after a ransomware attack on their data vendor Toppan Next Tech (TNT).
DBS shares surged on news of the bonus issue and dividend payout, hitting a session high of $32.59 before closing 80 cents or 2.5 per cent higher at $32.45.
This means that DBS PayLah, digibank, and 3D e-comm transactions will be unavailable today, from 10pm to 11pm (SGT). We apologise for the inconvenience caused and will update once services are ...
SINGAPORE: At least 219 DBS customers have fallen prey to scams in the first two weeks of the year, losing about S$446,000 (US$335,000) in total. There has been a surge in cases of SMS phishing ...
After the latest results, the 17 analysts covering DBS Group Holdings are now predicting revenues of S$23.0b in 2025. If met, this would reflect a satisfactory 6.3% improvement in revenue compared ...
Paul Cobban will provide more details about DBS Bank’s digital transformation in his session The 22,000 Person Start-Up at the Business Agility Conference in New York City on February 23 – 24 ...
SINGAPORE - DBS Group Holdings chief executive Piyush Gupta has sold 100,000 shares in the bank, netting him around $3.4 million, according to documents filed with the Singapore Exchange on Tuesday.
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