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Tag: DBS

Retail Asia28/11/2022
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Finance

Hong Kong Dollar Peg Tests Another Round of Doubters

6min0
US-China decoupling, weak growth, and shrinking reserves have led to fresh doubts about the sustainability of the Hong Kong dollar peg. Will the city’s linked exchange rate system survive this round of doubters? Last week, Pershing Square Capital Management founder Bill Ackman announced that he was betting against the Hong Kong dollar and its US dollar peg, citing […]
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Retail Asia02/06/2022
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Finance

Deutsche Bank Raided Over Alleged Greenwashing

3min0
German prosecutors raided the offices of asset manager DWS and its controlling shareholder Deutsche Bank over allegations of greenwashing, according to media reports. Deutsche Bank and its around 80 percent-owned asset manager DWS were raided over allegations DWS misled investors about how green the investments marketed as green or greener really were, the reports said. […]
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Retail Asia25/11/2021
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Finance

DBS Hit by Worst Outage in a Decade

2min0
DBS faced two consecutive days of disruptions to its online banking services, marking the worst outage for the Singapore lender since its ATM glitch in 2010. DBS issued a social media post to address the recurring disruptions to its online banking services, including its payments app. Services were restored early this morning,» the bank said […]
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Retail Asia25/11/2021
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Finance

DBS May Face Regulatory Action Over Outage

2min0
The Monetary Authority of Singapore said it will consider appropriate supervisory actions on DBS, which suffered recurring disruptions to its online banking services, including its payments app. This is a serious disruption and MAS expects DBS to conduct a thorough investigation to identify the root causes and implement the necessary remedial measures, Marcus Lim, MAS’ […]
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Retail Asia18/11/2021
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Finance

DBS Exec to Lead Carbon Credits Exchange

2min0
He was most recently DBS’ group chief sustainability officer, responsible for developing the bank’s sustainability framework and driving sustainability initiatives. Climate Impact X (CIX) has announced the appointment of Mikkel Larsen as chief executive officer, effective immediately, according to an announcement on Wednesday. Larsen has been interim CEO of the platform, a joint venture between DBS Bank, Singapore […]
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Retail Asia17/11/2021
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Finance

DBS Exec to Lead Carbon Credits Exchange

2min0
He was most recently DBS’ group chief sustainability officer, responsible for developing the bank’s sustainability framework and driving sustainability initiatives. Climate Impact X (CIX) has announced the appointment of Mikkel Larsen as chief executive officer, effective immediately, according to an announcement on Wednesday. Larsen has been interim CEO of the platform, a joint venture between DBS Bank, Singapore […]
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Retail Asia11/11/2021
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Finance

Trading Volume Surges on DBS Digital Exchange

3min0
A shift to round-the-clock trading in August has seen trading volumes in the two months surpassing the total trading volume of the first eight months of the year by 40 percent. DBS has reported strong growth in its digital asset ecosystem, anchored by DDEx, or the DBS Digital Exchange, which now has over S$600 million in […]
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Retail Asia05/11/2021
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Finance

Lower Allowances Fuel DBS Profit Growth

2min0
An improved credit environment coupled with lower allowances enabled DBS to post a surge in third quarter profits. DBS registered a 31 percent year-on-year increase in net profit to S$1.7 billion ($1.26 billion) for the third quarter, according to its latest results. Not unlike its peers, this was driven primarily by a significant improvement in […]
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Retail Asia04/11/2021
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Finance

DBS to Ramp Up Intelligent Banking Capabilities

2min0
The bank is setting aside more funds to bolster infrastructure, talent and technology to deliver hyper-personalized experiences to better serve wealthy and retail customers. DBS Bank aims to boost hyper-personalized experiences across its digital and physical touchpoints and will be investing S$300 million ($222 million) over the next year to boost its digital and intelligent […]
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Retail Asia25/10/2021
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Finance

DBS Appoints Chief Risk Officer

2min0
A career DBS banker has been named chief risk officer for the Singapore lender, replacing Tan Teck Long. Soh Kian Tiong has been named chief risk officer (CRO), according to a statement, reporting to DBS chief executive Piyush Gupta. In addition, Soh will also be accountable to the board risk management committee as well as join as […]
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Retail Asia04/10/2021
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Finance

DBS Vickers Wins Crypto License

2min0
The brokerage arm of Singapore lender DBS will be able to provide asset managers and institutional investors access to products and solutions offered by the DBS Digital Exchange (DDEx). DBS Vickers has received formal approval from the Monetary Authority of Singapore (MAS) to provide digital payment token services as a Major Payment Institution, DBS announced […]
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Retail Asia22/09/2021
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Finance

DBS Announces More Tech Job Openings

1min0
DBS continues to add tech talent with plans to hire around 150 related positions via a virtual hackathon. DBS will hire for around 150 technology positions through a virtual hackathon, Hack2Hire, an annual program in its fourth edition, according to a statement. The positions will be for 14 developer and engineering roles across artificial intelligence […]
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Retail Asia20/09/2021
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Finance

DBS Announces More Tech Job Openings

1min0
DBS continues to add tech talent with plans to hire around 150 related positions via a virtual hackathon. DBS will hire for around 150 technology positions through a virtual hackathon, Hack2Hire, an annual program in its fourth edition, according to a statement. The positions will be for 14 developer and engineering roles across artificial intelligence […]
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Retail Asia15/09/2021
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Finance

DBS Digital Exchange to Grow Security Token Offerings

2min0
The platform plans to tap on the growing popularity of cryptocurrencies and digital assets among corporate investors, accredited individuals and family offices. DBS plans to list at least half a dozen security tokens by end-2022 on DDEx, the bank’s institutional-focused digital asset exchange, the exchange’s chairman said on Monday. According to Eng-Kwok Seat Moey, who is also […]
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Retail Asia12/08/2021
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Finance

DBS Receives In-Principle Crypto Approval in Singapore

2min0
DBS becomes Singapore’s second crypto player to secure an in-principle approval from the Monetary Authority of Singapore to offer token services. DBS Vickers – the brokerage arm of DBS – has received in-principle approval from the MAS under the Payment Services (PS) Act to provide digital payment token services, according to a statement. As a member of DBS […]
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Retail Asia09/08/2021
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Finance

DBS Reports Progress on Digital Exchange

2min0
The Singapore bank, one of the first traditional lenders in the region to launch its own digital exchange, now has S$100 million in digital assets in custody. I’m quite pleased, it is going quite well,» chief executive Piyush Gupta said on Tuesday during a briefing with analysts after presenting the bank’s second-quarter 2021 financial results, Blockworks reported. The […]
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Retail Asia06/08/2021
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Finance

DBS Reports Progress on Digital Exchange

2min0
The Singapore bank, one of the first traditional lenders in the region to launch its own digital exchange, now has S$100 million in digital assets in custody. I’m quite pleased, it is going quite well,» chief executive Piyush Gupta said on Tuesday during a briefing with analysts after presenting the bank’s second-quarter 2021 financial results, […]
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Retail Asia05/08/2021
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Finance

DBS Registers Record First-Half Profits

2min0
DBS maintained profit momentum in the second quarter, resulting in all-time high performance for the first half. DBS registered a record-high profit of S$3.71 billion ($2.75 billion), according to the latest results, marking 54 percent year-on-year growth. Total income slipped slightly by 4 percent to S$7.44 billion and expenses inched 3 percent higher to S$3.13 […]
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