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DBS Group Holdings
Singapore market hits 21-month high
SINGAPORE (May 11): Singapore scaled a 21-month peak on Thursday, powered by banks, with Southeast Asian stock markets largely upbeat, mirroring broader positive sentiment in Asia and Wall Street.
May 11, 2017
'Unbridled greed' behind DBS private-wealth dispute, says judge
HONG KONG (May 3): Singapore’s DBS Group Holdings Ltd. lost part of a case over losses on millions of dollars of investments for the family trust of a wealthy Chinese banker and his wife during the global financial crisis.
May 03, 2017
Fintech
TransferWise expands money remittance service to Singapore
SINGAPORE/LONDON (April 27): TransferWise, the London-based startup backed by investors including Peter Thiel’s Valar Ventures and Andreessen Horowitz, is bringing its international money transfer service to Singapore, aiming to shake up banks’ dom
April 27, 2017
Tech
Billionaire Taizo Son ditches Japan to start afresh in Singapore
SINGAPORE (April 18): Singapore may have just added a new tech billionaire, but it had to lure him from Japan first.
April 18, 2017
Rickmers Maritime becomes latest Singapore casualty of debt woes
SINGAPORE (April 12): Rickmers Maritime, the Singapore-listed trust that operates container ships, said it would be wound up as it has been unable to reach an agreement with its lenders to restructure debt or raise new equity.
April 12, 2017
DBS CEO says wealth management to account for a fifth of bank's revenue
SINGAPORE (March 2): DBS Group Holdings expects to expand its wealth management operations as Asia's wealth grows, accounting for as much as 20% of the bank's total income over the next few years, Piyush Gupta, the CEO of Southeast Asia's larg
March 02, 2017
Broker's Calls
UOB stays overweight on Singapore banks
SINGAPORE (Feb 22): UOB KayHian is maintaining its “overweight” rating on the local banking sector, keeping DBS Group Holdings and Oversea-Chinese Banking Corp as its top buys.
February 22, 2017
Singapore banks' ‘AA–‘ and stable outlooks intact, says Fitch
SINGAPORE (Feb 21): Singapore’s local banks of ‘AA–‘ credit ratings and Stable Outlooks will continue to be supported by their adequate profitability, disciplined funding and liquidity and strong capitalisation, despite weaker asset quality, says
February 21, 2017
DBS CEO signals bank may be past worst of energy-loan issues
SINGAPORE (Feb 16): DBS Group Holdings chief executive officer signaled that the Singaporean bank may be past the worst of its problems from loans to troubled oil and gas-services companies.
February 16, 2017
Biggest Singaporean banks' earnings in focus as Ezra woes deepen
SINGAPORE (Feb 13): The woes of Singaporean energy-services provider Ezra Holdings are a stark reminder to the city’s biggest banks of the threat souring oil and gas loans pose to their earnings.
February 13, 2017