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...The latest funding round marks a stark reversal in fortunes for the start-up, best known for its bright coral-pink bank cards....
...This year, the bank would focus on commercialising and monetising relationships it has built in the region, Ng added....
...The three major Singaporean financial institutions — DBS, United Overseas Bank and Oversea-Chinese Banking Corporation — refer to Fed rates when setting those for their own loans....
...Its earnings were “remarkable”, according to DBS equity research analyst Jason Sum....
...Let the new owners (western governments) rename the bank they have bought as the “Bank for the Reconstruction of Ukraine”....
...challenges in China “potentially affecting consumer sentiment and reducing spending on travel” will continue to fuel uncertainty in international flight recovery, said Jason Sum, an equity research analyst at DBS...
...at DB Direkt — a wholly owned subsidiary that operates Deutsche Bank call centres — start at €12.05....
...Economic indicators: The Bank of Thailand announces its interest rate decision amid a disagreement between the central bank governor and prime minster over lowering rates....
...The bank reported net profits of S$2.7bn ($2bn), up 48 per cent from a year earlier and ahead of an estimate by analysts polled by Refinitiv of S$2.41bn....
...The incoming chief will be tasked with steering the bank towards a public listing, at a time when investors in the once high-flying fintech sector are seeking to make a return....
...DBS, Singapore’s biggest bank, received the largest fine on Wednesday of S$2.6mn (US$1.9mn). The company said it accepted the MAS decision on lapses....
...“Manpower is undoubtedly the most significant challenge for Cathay in increasing capacity,” says Jason Sum, an equity research analyst at DBS Bank....
...Vanquis’s new chief executive Ian McLaughlin, who joined from Bank of Ireland in July, has some explaining to do....
...It managed to find profitable investments — often multi-decade, illiquid ones — to pay for the annuity guarantees made to DB schemes....
...However, the bank made a pre-tax loss of £116mn in the same period, in part as the rapid increase in lending forced it to expand its provisions for potential bad loans....
...DBS, the Singaporean bank, estimated that funding the digital handout by borrowing could push the government deficit to more than 5 per cent in the 2024 fiscal year....
...All we got were a few gormless US banks embarrassing themselves....
...DBS, Singapore’s biggest bank by assets, on Tuesday reported a record first-quarter profit, as higher interest rates and haven deposit inflows delivered a cash windfall....
...Deutsche Bank provides an estimate today, arguing that the sell-off it has done the work of approximately “three 25-bp rate increases.”...
...It needs to repay a £190mn bank loan by the end of April. Possible outcomes could include a debt-for-equity swap or insolvency....
...Companies might as well borrow straight from the bank. The Government’s other big idea — of a “public sector consolidator” — is also full of holes....
...Under Dunckley, Grant Thornton moved away from auditing “public interest entity” companies — such as most listed businesses, banks and insurers — in order to reduce its exposure to high-risk clients....
...” in smaller banks such as Aozora....
...South Africa must continue to fight inflation even as central banks in other emerging markets move to cut interest rates, the country’s central bank governor has said....
...Jason Sum, an equity research analyst at DBS, said there was “a lot of pent-up demand” to travel overseas, but intense competition and visa backlogs were delaying a rebound....
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