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.
ABS, Singapore anti-ML group unveil new practice paper to enhance audits
Banks in Singapore are expected to review their audit practices against the paper.
ABS, Singapore anti-ML group unveil new practice paper to enhance audits
Banks in Singapore are expected to review their audit practices against the paper.
DBS unveils token services with smart contracts for transaction clients
It makes use of DBS’ Ethereum Virtual machine-compatible permissioned blockchain.
DBS Hong Kong names Kuok Khoon Hua as independent non-exec director
The appointment is effective 7 October 2024.
DBS launches financing, hedging solutions for EU ETS climate obligations
EU ETS is the world’s first carbon emissions trading scheme.
Technology to underpin future of financial services
Banks should boost their online infrastructure as digital assets become the norm.
Singaporean banks roll out face verification for digital token setup
It is expected to make it harder for scammers to take over a customer’s DT.
DBS unveils crypto options trading and structured notes for wealth clients
They may earn yield on fiat depending on the product’s structure and price movements.
DBS Hong Kong launches all-in-one sales management platform
Business accounts can be opened as fast as 1 working day.
DBS names Calvin Ong as head of consumer banking in Singapore
Ong will take over from Jeremy Soo beginning 1 January 2025.
Banks must expand net zero targets, set clearer O&G goals: org
Japan, SoKor have yet to set medium and long-term targets aligned with a 1.5°C scenario.
Proposed bill lets police block bank transactions in ongoing scams
The bill does not cover traditional cheating cases involving in-person interactions.
DBS enhances gov’t grant payouts using blockchain for faster distribution
Once conditions are met, the cash is disbursed automatically.
DBS pilots blockchain-backed treasury tokens for treasury, liquidity mgmt
The tokens enable collaborator Ant Int’l to reduce settlements into seconds.
Singapore banks’ loan growth, fee income steady in Q2
But treasury customer income is lower after their record highs in Q1.
DBS names Tan Su Shan as deputy CEO; will succeed Piyush Gupta in 2025
An internal evaluation by DBS found Tan the strongest of all candidates for CEO.
DBS’ net profit up 9% to S$5.76b in H1; Q2 dividend is 54 cents
Net profit rose 4% in Q2 as loans and deposits grew.
Fees lift Singapore banks’ Q2 profits
But their Q2 profits are likely to be lower compared to Q1, analysts said.
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