(Sept 8): HSBC Holdings Plc is planning to increase its wealth-management staff in Asia as Chief Executive Officer John Flint bets on growth in the region. The bank plans to add more than 1,300 positions, split roughly between retail and private banking, by 2022, according to the heads of the two di...

SINGAPORE (Sept 17): Singapore on Monday launched the Singapore Quick Response Code (SGQR), which combines multiple payment QR codes into a single SGQR label. Photo: Minister Ong Ye Kung testing out the new SGQR label to make a purchase. The first of its kind globally, SGQR will be adopted by 27 pay...

DBS Bank has appointed a receiver for a key subsidiary of Singapore-listed Triyards Holdings after filing claims against the embattled yard operating arm of Ezra Holdings.

SINGAPORE (Sept 14): DBS Group Holdings has poured cold water on the idea that private bankers can name their price when jumping ship in Asia’s booming wealth management business. “I don’t believe that every bank needs to join in this crazy rush for talent,” Tan Su Shan, head of consumer and...

(Sept 11): DBS Group Holdings, Southeast Asia’s biggest bank, unveiled a service that will allow wealthy clients to interact with their relationship managers on WeChat and WhatsApp. The Singapore-based lender will begin registering interested clients for the service known as Wealth Chat, DBS said ...

SINGAPORE (Sept 11): Singapore’s small construction firms are likely to face more difficulties repaying debt as a clampdown on property speculation worsens their already tight liquidity. The island’s economy grew at a slower pace in the second quarter than initially projected as construction plu...

FINANCIALLY distressed yard operator Triyards has received fresh cash injections in excess of US$4 million as it faces new claims from DBS Bank and other lenders.

FINANCIALLY distressed yard operator Triyards has received fresh cash injections in excess of US$4 million as it faced new claims from DBS Bank and other lenders.

SINGAPORE (Sept 7): The rise of e-payments might create a potentially existential challenge for banks, but two Singapore banks are expected to emerge winners despite the disruption, according to Morgan Stanley Research. Across Asean, banks are expected to lose between US$13.1 and $15.5 billion ($18....

(Sept 6): Regulators need to increase their scrutiny of non-bank firms that are moving into the financial business, according to the chief executive officer of DBS Group Holdings, Southeast Asia’s largest lender. “Absolutely,” Piyush Gupta said when asked at a Bloomberg forum in Singapore whet...

MAPLETREE Industrial Trust (MIT) has launched a S$2 billion euro medium term note programme, with DBS Bank and OCBC Bank as joint arrangers and dealers.

DBS Group Holdings has set its final price guidance for its Singapore-dollar perpetual NC7 AT1 issue at 3.98 per cent, down from the initial price guidance of 4.375 per cent, following sizzling demand.

ORDERS for DBS Group Holdings Singapore-dollar perpetual NC7 AT1 issue crossed S$2 billion just before lunch.

SINGAPORE (Sept 4): This year marks the 10th anniversary of the Global Financial Crisis or Lehman Crisis that sent shock waves through the global financial system. On Sept 2008, financial services firm Lehman Brothers filed for bankruptcy which eventually prompted massive capital-raising exercises t...

SINGAPORE (Sept 1): Here are two charts for our technical analysis this week Straits Times Index daily (3,213) As quarterly momentum has been falling since mid-May, the best time for it to bottom is mid-Sept and the best time for an upturn is likely to be the second half of Sept. Short-term stochas...

SINGAPORE (Aug 28): The world’s best-performing activist fund returned 103% in seven months by targeting mainly smaller Asian companies in industries from commodities to engineering and food. Now, it’s getting ready to take on one of Singapore’s banks, according to Judah Value Activist Fund’...

FIVE months ago in April at United Overseas Bank's annual shareholder meeting, one investor lamented that the stock price had fallen behind rival DBS Group Holdings. The share price of Southeast Asia's biggest bank used to lag UOB until DBS upped its dividend early this year.

DBS Bank has become the first Singaporean and Asian winner of Global Finance Magazine's Best Bank in the World Award, unseating last year's winner ING.

SINGAPORE (Aug 20): Banking stocks are typically a favourite dividend play of investors who hunt for yield. This is because as banks grow, they tend to reward shareholders with a steady payout that usually increases gradually. At its recent results briefing for 1HFY2018 ended June 30, DBS Group Hold...

SINGAPORE (Aug 21): DBS and Singtel has reaffirmed their partnership to help local small and medium enterprises (SMEs) digitalise their businesses and keep pace with the technological shifts in the local and global economy. Through the nationwide 99%SME campaign that helps SMEs expand their business...

SINGAPORE (Aug 15): Koh Boon Hwee overcame big crises during his four-decade career as a company executive. He led a national airline through the SARS epidemic in 2003, and steered Southeast Asia’s largest bank in the aftermath of the Lehman Brothers Holdings Inc. collapse. But what the veteran Si...

SINGAPORE (August 14): Global professional services firm Aon has released a list of seven organisations that made it to the Best Employers in Singapore category for 2018. This comes as part of the firm’s flagship Aon Best Employers programme, which is now in its 18th year and designed to improve e...

DBS Group Holdings > Hold

DBS Group Holdings, the nation's largest mortgage provider, has dialled back its property loans growth forecast by S$1 billion, given that last month's cooling measures are expected to hit sentiment.

SINGAPORE (Aug 2): DBS Group Holdings reported 2Q18 net profit for rose 20% from a year ago to $1.37 billion from a year ago, supported by double-digit percentage growth in net interest income and fee income but moderated by weak trading income. Total income rose 10% to $3.20 billion. Compared to th...

SINGAPORE (Aug 2): Singapore lags most financial hubs when it comes to gender diversity on corporate boards, so much so that a government-backed group has started calling out companies with no female directors. The strategy is working. Two years ago, after discovering 38 of Singapore’s 100 biggest...

SINGAPORE: DBS Group Holdings Ltd, Southeast Asia's biggest lender, reported a 20 per cent jump in net profit on Thursday (Aug 2), missing market expectations as the impact of business volume growth was moderated by lower trading income. DBS's profit increase was also supported by improved net ...

DBS Bank has launched an online property marketplace that aggregates close to 100,000 property listings from EdgeProp and Averspace, it said on Tuesday.

DBS Bank has launched an online property marketplace that aggregates some 100,000 property listings from EdgeProp and Averspace, it said on Tuesday.

DBS Group Holdings said that the recent race to buy property ahead of the Singapore government's latest price cooling measures may give a temporary boost to its mortgage business but in the longer term, the market is likely to slow down.