DBS Group Holdings Ltd Stock News

The borrowing is split into a $250m six-year term loan, a $150m working capital facility and a $460 million five-year bank guarantee facility. ANZ and MUFG took $70m each of the term loan, while DBS and HSBC took $40m apiece. Credit Agricole was allocated $30m, the RIL said

Natixis IM Natixis Investment Managers has appointed Emily Askham as chief marketing officer, International. She will support Natixis IM''s strategic ambitions "to become the most client centric asset manager globally".. Askham will join Natixis IM in an expanded role and will be responsible for both Institutional as well as wholesale & retail marketing. In addition, she will oversee digital, content & advertising, roadshows, events and the RFP team. She will report to Joseph Pinto, head of distribution for Europe, Latin America, Middle East and Asia Pacific. She will be based in London and will start on January 12th, 2022. She joins Natixis IM from AXA Investment Managers (AXA IM) where she spent nearly seven years, rising to the position of Global Head of Retail and Wholesale Marketing since 2019. Deutsche Bank Deutsche Bank has added a raft of new hires to its wealth management team in India. Rajasekar Ayyalu has joined as a director in Chennai where he will be responsible for expanding and deepening the group''s presence in that jurisdiction.

In a determined bid to promote hard work and selfless service as well as encourage humanitarian service, Delta Broadcasting Service (DBS) Warri has presented awards to some outstanding and deserving residents and reputable organisations in Delta State for their selfless and humanitarian service in the state. Nineteen persons were presented with awards at the well-attended []

INDUSTRIAL real estate investment trusts (Reits) should look into redevelopment projects or asset enhancement opportunities as their "next leg of growth", DBS Group Research said.

The firm, which currently manages over $2 trillion in assets, is making a pair of hires to its South Asia team to support regional growth. Asset manager Amundi has appointed Dennis Ng as head of distribution sales, Singapore, effective 1 November, and Marcus Liew as multi asset solutions portfolio manager, a newly created role based in Singapore effective 17 August, according to a statement on Wednesday. With over 15 years of experience in the financial industry across different markets in Asia, Ng joins from J.P. Morgan Asset Management, where he was an executive director, having joined the Singapore fund sales team in 2015. He previously held various roles at Standard Chartered Bank as an investment advisor and treasury specialist since 2010, as well as at DBS and Citibank. Liew, responsible for portfolio management, research, analysis and implementation of Multi-Asset solutions at Amundi, was previously a portfolio manager at First Sentier Investors, where he has worked for almost 8 years.

Singapore's DBS Group said its online banking services had been fully restored after suffering disruptions for about two days in its biggest outage since 2010, prompting the central bank to consider t

AFTER a two-day outage, digital banking services at Singapore''s largest lender DBS resumed on Thursday morning (Nov 25).

New Delhi, November 24 Government think-tank Niti Aayog on Wednesday proposed setting up of full-stack ''digital banks'', which would principally rely on the internet and other proximate channels to offer their services and not physical branches, to mitigate the financial deepening challenges being faced in the country. The Niti Aayog, in a discussion paper titled ''Digital Banks: A Proposal for Licensing amp; Regulatory Regime for India'', makes a case and offers a template and roadmap for a digital bank licensing and regulatory regime for the country. Digital banks or DBs are banks as defined in the Banking Regulation Act, 1949 (BR Act), the paper said. "In other words, these entities will issue deposits, make loans and offer the full suite of services that the BR Act empowers them to. As the name suggests, however, DBs will principally rely on the internet and other proximate channels to offer their services and not physical branches," it said. The paper noted that India''s public digital infrastructure, especially UPI, has successfully demonstrated how to challenge established incumbents.

The Monetary Authority of Singapore said it will «consider appropriate supervisory actions» on DBS, which suffered recurring disruptions to its online banking services, including its payments app. «This is a serious disruption and MAS expects DBS to conduct a thorough investigation to identify the root causes and implement the necessary remedial measures,» Marcus Lim , MAS'' assistant managing director (banking and insurance), said in a statement. The regulator said the bank informed it about «a problem with its access control servers» that resulted in customers experiencing difficulties logging on to its digital banking services. Lim said MAS expects all financial institutions «to have systems and processes to ensure the consistent availability of financial services to their customers.» Major Disruptions This week, DBS faced two consecutive days of disruptions to its online banking services, marking the worst outage for the Singapore lender since its ATM glitch in 2010. DBS Singapore country head Shee Tse Koon apologised for the outage in a video posted on the bank''s website and various social media pages on Wednesday afternoon.

SINGAPORE, Nov 25 The lengthy disruption of DBS banks digital banking services since Tuesday morning (November 23) was caused by a problem with its access control server, its country head for Singapore said. Speaking in a Facebook video

DBS faced two consecutive days of disruptions to its online banking services, marking the worst outage for the Singapore lender since its ATM glitch in 2010. DBS issued a social media post to address the recurring disruptions to its online banking services, including its payments app. «Services were restored early this morning,» the bank said yesterday in a Facebook post. «Unfortunately yesterday''s digital banking issue has recurred and this has affected our services.» The post attracted more than 2,500 comments, many of which expressed frustration about blocked access to banking accounts. Continued Outage Outages at DBS and its low-cost consumer banking unit POSB first occurred on Tuesday after reports first surfaced in the morning, according to Downdetector a website that uses crowd-sourcing to track online outages. And just hours after resolving the issue yesterday morning, the outages continued at the bank. «The inability to access an essential service over such an extended period of time is unacceptable and we deeply regret the inconvenience caused,» DBS said in a separate social media post.

5 min 43 sec agoSINGAPORE DBS Bank on Wednesday (Nov 24) said an issue with its digital banking ser

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