Page 29 - Dbs News Today

3,399,793.0 Taiwan is facing major threats from a surge in coronavirus cases and drought-triggered power outages, potentially derailing one of Asia’s economic success stories this year. The island has gone from zero local cases earlier this month to recording 1,226 domestic infections in the past five days alone, and stocks fell Thursday after a soft lockdown was extended to the entire island. Schools were already closed, but the new rules mean masks are mandatory outdoors, with limits on soc...

Foreign investors line up for China financial services play By JIANG XUEQING | China Daily | Updated: 2021-05-06 09:03 Share DBS stake in Shenzhen rural bank signals rising confidence in new round of opening-up Foreign financial institutions, or FFIs, are planning to increase investment in Chinas commercial banks or exploring new business opportunities in the country, as China has strengthened efforts to further open up its financial sector, indust...

The Straits Times DBS to cut office space by 20% in next few years: CEO DBS plans to give up about 2½ floors of the space it occupies in Tower 3 of the Marina Bay Financial Centre in December.PHOTO: ST FILE https://str.sg/JFC4 They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for t...

DBS Q1 profit surges 72% to record S$2 billion, flags strong growth Toggle share menu Advertisement DBS Q1 profit surges 72% to record S$2 billion, flags strong growth Workers on gondola clean the glass panels of the DBS building in Singapore on August 5, 2015. (File photo: AFP/Roslan Rahman) 30 Apr 2021 09:22AM (Updated: 30 Apr 2021 09:30AM) Share this content Bookmark SINGAPORE: DBS Group trumped market estimates with a 72 per cent rise in quarterly net p...

The Straits Times DBS Q1 profit surges 72% to record $2.01 billion; flags strong year ahead DBS saw record fee income from broad-based growth, largely boosted by wealth management and transaction services.ST PHOTO: KELVIN CHNG https://str.sg/JFjM They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories a...

MUMBAI: Macquarie Research has valued Citibank’s India retail business at around $2 billion, based on their Basel III disclosures in the country. This makes India the most valuable business among the 10 markets in the Asia-Pacific where Citi plans to exit consumer business. These 10 markets are collectively valued between $6.3 billion and $8 billion by Macquarie. According to a report by the Australian bank, going by SBI Card’s valuation, Citi’s 2.7 million cards would imply a figure of $...

Macquarie estimates upto $8 bln value for Citis APac consumer business SECTIONS Share Synopsis The Australian brokerage has pencilled in DBS Bank Ltd, Oriental and Commercial Bank of China (OCBC) and Standard Chartered (StanC) as the most likely cross-border buyers for a bouquet of assets across Asia Citibanks share of consumer loans is only 1-3% in most markets. Macquarie has estimated an aggregate value of $6.3 to $8 billion for Citibanks consumer business across ten of the 13 markets that th...

The Straits Times DBS, OCBC among potential bidders for Citis Asia consumer business: Sources DBS and OCBC are among the banks set to bid for parts of Citigroups consumer business in Asia.PHOTOS: ST FILE PublishedApr 20, 2021, 3:59 pm SGT https://str.sg/Jyt8 They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to a...

DBS, StanChart Weigh Bids As Citi Retreats From Asia Consumer Business: Report DBS, StanChart Weigh Bids As Citi Retreats From Asia Consumer Business: Report The businesses Citi is exiting had $82 billion in assets and were allocated $7 billion in tangible common equity last year. Updated: April 20, 2021 6:21 pm IST Citi has been in India for decades and was among the first to introduce Indians to credit cards in 1987. Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC a...

›Suits & Sayings: Buzz grows about DBS boss Piyush Gupta eyeing Citi’s consumer biz; toxic work culture hits ed-tech unicorn; a bittersweet Sandesh ‘poll’ battle in Bengal Suits & Sayings: Buzz grows about DBS boss Piyush Gupta eyeing Citi’s consumer biz; toxic work culture hits ed-tech unicorn; a bittersweet Sandesh ‘poll’ battle in Bengal A little bird told us that a massive row has resulted in the parting of ways between this septuagenarian tycoon and his ‘young’ acolyte, a...