The Straits Times
DBS Group reported a 33 per cent plunge in fourth-quarter earnings to $1.01 billion.PHOTO: ST FILE
PublishedFeb 10, 2021, 8:44 pm SGT
https://str.sg/JrrE
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 the first 3 months.
Get unlimited access to all stories at $0.99/month for the first 3 months.
including the ST News Tablet worth $398.
Let s go!
PARIS (BLOOMBERG) On a cold day in January last year, Societe Generale s board met at the headquarters of its Russian unit Rosbank, a modern building in central Moscow angled around a cylindrical glass structure. The annual gathering was being held there to honor the unit s strong performance in 2019, but things quickly turned sour: CEO Frederic Oudea had an off-agenda item to discuss.
Just weeks earlier, Bloomberg reported that the board had hired head-hunting firm Egon Zehnder to search for potential candidates to eventually succeed Mr Oudea. Stepping up in front of the gathering that included chairman Lorenzo Bini Smaghi, Mr Oudea seethed that such leaks were unacceptable and warned that there would be consequences for anyone involved. An uneasy silence fell over the room as Mr Oudea berated the gathering, people with knowledge of the meeting said, signaling the power he held over the board members who are meant to oversee him.
The Straits Times
CAD, MAS launch joint probe into CoAssets group companies
The joint investigation stems from complaints and feedback received from members of the public regarding suspected misconduct by CoAssets group companies.PHOTO: ST FILE
https://str.sg/JKym
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 the first 3 months.
Get unlimited access to all stories at $0.99/month for the first 3 months.