DBS Bank

DBS profit maintains momentum in quarter

First quarter earnings from DBS Group Holdings far outstripped analysts' forecasts and hit a new record. Photo: Reuters

DBS, Singapore's largest bank, posted an 11th consecutive increase in quarterly profit to S$950 million (HK$5.98 billion), thanks to fee income growth and favourable market conditions.

Friday, 3 May, 2013, 3:15am

Briefs, November 2, 2012

Air China gets green light for private share placement.

Beijing to investigate alleged dumping by EU

The Ministry of Commerce said it will investigate whether the European Union is improperly subsidising its producers of solar-grade polysilicon or dumping their products in foreign markets. AP


Bad debt on the rise at banks, survey finds

2 Nov 2012 - 5:30am

DBS sees slower loan growth ahead

DBS Group said yesterday that the bank's loan growth could slow for the rest of the year and the spread was narrowing between its loan income and funding costs on the mainland.

15 Aug 2012 - 10:58pm

Evidence probe delays fraud trial

The District Court yesterday adjourned a fraud trial after the defendants sought time to verify reports that a senior prosecuting officer linked to the case was assisting in police investigations of the handling of evidence in the case.

12 Jun 2012 - 12:00am

High-risk investor was told 'government would step in'

A wealthy DBS client who says she was misled into buying high-risk derivatives told a court that a customer relations manager had said the government would intervene if the market fell drastically.

Hao Ting, a Beijing businesswoman, was testifying under questioning by the bank's lawyer, Jat Sew-tong SC, in the Court of First Instance yesterday.

16 May 2012 - 12:00am

Beijing trader tells of broken trust with DBS

A wealthy DBS client who claims she was misled into buying high-risk derivatives said she was very cautious when signing business contracts, but never thought she would have to be on guard with her bank.

Hao Ting, a Beijing businesswoman who deals in energy and petrol, was testifying at the Court of First Instance yesterday.

15 May 2012 - 12:00am

Bank lets witnesses be absent, court told

DBS Bank (Hong Kong) allows customer relations managers to sign as witnesses to bank documents even if not present at meetings with customers, the Court of First Instance heard yesterday.

11 May 2012 - 12:00am

DBS officer 'played up' investor's experience

A customer relations manager at DBS Bank played up an investor's experience and invented details of her assets so he could report that a high-risk investment product was suitable for her, a court heard yesterday.

10 May 2012 - 12:00am

Bank has no duty on losses, court told

Banks owe no duty to customers who have subscribed to investment products and made losses, the Court of First Instance was told yesterday.

Senior Counsel Jat Sew-tong made this argument on the second day of the hearing of a dispute between DBS Bank (Hong Kong) and wealthy investor Hao Ting in which the bank is seeking to recover HK$90 million from Hao.

9 May 2012 - 12:00am

DBS sues investor for HK$90m loss on high-risk deal

A wealthy mainland investor is being sued by a bank in Hong Kong for repayment of more than HK$90 million after she made losses on a high-risk investment product in the market crunch five years ago.

8 May 2012 - 12:00am

Making the most of difficult times

Most people naturally fear a crisis, but not Sebastian Paredes. The DBS Hong Kong chief executive has built his career on them.

'You can never say you are lucky to confront a crisis, but I have made crisis my friends,' said Paredes, a 50-year-old father of three who now heads the Hong Kong business of Southeast Asia's largest bank.

14 Apr 2012 - 12:00am

Bocom share offer seeks 56b yuan

Bank of Communications, the mainland's fifth-largest lender, will raise 56.6 billion yuan (HK$69.20 billion) in fresh capital from a share placement to a group of powerful investors including major shareholders HSBC and the mainland's national pension fund.

16 Mar 2012 - 12:00am

Banks eye tech-savvy staffers

As banks seek to strengthen relationships with their customers, they are increasingly implementing technology-based service platforms to improve clients' banking experience.

8 May 2015 - 5:57pm

DBS in search of 'financial doctors'

Banks seem to be in strong competition for hiring wealth or relationship managers to expand their market coverage and serve their clients better. Needless to say, a good career path with a strong bank is a winning formula for attracting talented job applicants.

2 Mar 2012 - 12:00am

It's time to pick future champions

As the Year of the Rabbit recedes into history and financial market jitters dampen hiring, the ability to retain and nurture talented staff remains one of the most important challenges for the banking sector.

4 Feb 2012 - 12:00am