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"As an acknowledgement that the bank could have done better, senior management will be held accountable, and this will be reflected in their compensation,” says DBS chairman Peter Seah.
Canara Bank is making a strategic move by converting its subsidiary, Canbank Computer Services, into a dedicated credit card unit. This transformation aims to extract greater value from the unsecured line of business, following in the footsteps of financial institutions like SBI Cards and BoB Cards.
Makhtar Diop, managing director of the World Bank’s International Financing Corporation, speaks to The Banker about the implications of the recent partnership agreement signed with other multilateral development banks.
SINGAPORE: A long-awaited date for Ms Nazrana Shaheen with her national serviceman boyfriend ended up being cut short, no thanks to a banking services disruption by DBS
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The recent hours-long outage for DBS and Citibank banking and payment services was caused by a technical issue at a data centre. Industry experts weigh in on what happens when critical banking infrastructure goes black.