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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…
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…
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,…
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…
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…
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…
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,…
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…
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…
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…
DBS and OCBC have announced partnerships as part of the cross-border wealth management scheme between Hong Kong and China. DBS Bank (Hong Kong) will be working with the Postal Savings Bank of China (PSBC), while OCBC Wing Hang Bank, OCBC’s Hong Kong…
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…
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…
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…
A DBS veteran will take on a new key position at OCBC, which is part of the bank’s plans to grow and expand across its key markets. OCBC has appointed Tan Teck Long as group head of wholesale banking, according to a filing with Singapore Exchange (SGX) on…
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…
