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.

'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.

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
Taizo Son

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.

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.

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

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.

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
Piyush Gupta

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.

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.
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