Dbs Group Holdings Stock News

BOCA RATON, Fla. , March 11, 2022 /PRNewswire-PRWeb/ -- FL-based IDEM GLOBAL LLC announces that Craig Laue , a 30-year veteran of the intelligent document solutions and process automation industry, has acquired the controlling ownership stake of the Company. Financial details of the transaction were not disclosed. Mr. Laue will take over the role of CEO. IDEM GLOBAL was founded in 2007 focused on providing software solution capabilities for the processing of transactional documents. The application of Intelligent Data in Expert Mining with specific focus on providing data capture solutions, data mining and process automation serves a wide range of markets including Accounts Payable processing, Legal, Healthcare, Manufacturing, and numerous others. The acquisition allows IDEM GLOBAL to expand its data intelligence reach with its Process Mining capabilities and know-how. The Company represents and integrates DBS Group solutions as well as Primo RPA, iUniq security as well … Full story available on Benzinga.

JPMorgan Emerges As Largest Counterparty To Chinese Tycoon''s Massive Nickel Short Squeeze Until yesterday, it appeared that a bailout plan for Chinese stainless steel titan Tsingshan Holding Group owned by “Big Shot" Xiang Guangda (and which was facing an $8 billion nickel margin call following the explosive surge in Nickel prices which briefly soared above $100,000/ton up 4x in just a few days, or would be if the Hong Kong-owned LME ever reopened Nickel trading) was coming along with the support of the largest US commercial bank, JPMorgan, and one of China''s largest banks, China Construction Bank, both of which would provide credit guarantees to the distressed producer (as we reported in " JPMorgan Bails Out Chinese Nickel Giant Facing Billions In Losses From Record Margin Call "). However, that rapidly cobbled-together rescue plan (which saw meetings running into the pre-dawn hours of Wednesday morning) took a major detour yesterday when Xiang announced that he intends to keep shorting nickel, as he thinks the price will drop eventually but raising the risk that the margin call will only get worse as buyers of nickel swarm the offer and inflict even more pain on the Chinese tycoon.

DBS GROUP HOLDINGS LTD ( SGX:D05 ) OVERSEA-CHINESE BANKING CORP ( SGX:O39 ) UNITED OVERSEAS BANK LTD ( SGX:U11 ) Singapore Banks - Monetary Policy Under The Fog Of War Systemic risk is elevated but below the levels seen during past crises as Russia is not well integrated into the global financial system. Singapore banks’ exposures to Europe and Russia are minimal. The Fed is expected to kick-start the interest rate upcycle with a hike of 25bp next week. We see strong support for DBS at S$30.00 and for OCBC at S$11.00. BUY DBS (Target price: S$35.80) and OCBC (Target price: S$15.10) for 2022 dividend yield of 4.5% and 4.9% respectively. Maintain OVERWEIGHT. Continue Reading »

Piyush Gupta, the chief executive officer (CEO) at DBS Bank, says cryptocurrencies like Bitcoin will continue to grow as a meaningful store of value, just like gold. However, he also thinks that cryptocurrencies will not take over the role of state-backed currency. DBS’ Piyush Gupta Considers Crypto As A Store Of Value In the DBS The post Crypto Will Continue To Grow As Store Of Value Like Gold: DBS CEO appeared first on CoinGape .

DBS has established a board sustainability committee (BSC) to provide added governance and oversight of material environmental, social and governance (ESG) matters.

This well-capitalised, digitally-focussed, wholly-owned subsidiary of Singapore-based DBS is not just riding through a tough phase, it is doing it at the right pace, and knows where it is going Read more

Singapore''s three largest local banks have reportedly restricted trade financing for Russian energy deals, in line with the stance taken by the city-state’s government. DBS, OCBC and UOB – Singapore’s «big three» lenders – have halted the issuance of letters of credit linked to Russian energy deals, according to a «Bloomberg» report citing unnamed sources, in response to the Russian military invasion of Ukraine. The move follows comments by Singapore foreign minister Vivian Balakrishnan about plans to block certain Russian banks and some financial transactions linked to the country. «Financial institutions are aware of the heightened risks, and are taking appropriate measures to manage any legal, reputational and operational risks arising from the sanctions imposed by various jurisdictions,» said the Monetary Authority of Singapore in a separate statement on the Russia-Ukraine conflict.

March 01, 2022 7:22 AM DBS, OCBC and UOB have stopped issuing letters of credit involving Russian energy deals, sources said.

FAIRFAX, Va. , Feb. 25, 2022 /PRNewswire-PRWeb/ -- The National Association of Independent Life Brokerage Agencies (NAILBA) Charitable Foundation, the Association''s philanthropic arm, has elected new Board Members. The Foundation announced the following additions to its directorate: Douglas Allenbaugh is Executive Vice President of The Marketing Alliance (TMA), where he has led the insurance distribution business since 2010. Before joining TMA, Doug worked at the global reinsurance group, Munich Re, where he was responsible for leading and supporting executive-level initiatives including post-merger integration, strategic alliances, and operational efficiency-related projects. Doug also worked at the management consulting firm Accenture, where he specialized in enterprise system solutions. A graduate of Miami University , Doug holds an MBA from the University of Notre Dame Mendoza School of Business where he graduated with honors. He is based in St. Louis, MO. Chuck Anderson is National Sales Director for Diversified Brokerage Services (DBS) in Minneapolis, MN.

In the near term, we think that bond investors could go overweight on Malaysian bonds to seek cover. Malaysia is the only Asian economy with a positive oil trade balance, and so would marginally benefit from higher oil prices via higher terms of trade. Yield sensitivities to US rates are also low among Asia bonds. Though foreign ownership of Malaysian Government Securities/Malaysian Government Investment Issues (MGS/MGIIs) is high (20+%), a significant portion of foreign holdings is held by foreign central banks and governments, which is expected to be more sticky and less susceptible to swings in global risk sentiments. We think that Malaysian bonds offer the best profile to ride out the Russia-Ukraine conflict.

Following optimistic forecasts from Singapore’s lenders UOB and DBS, Yustina Quek from Creditsights expects the strong earnings to continue this year. The post Singapore banks are well-positioned for higher interest rates appeared first on CreditSights .

Bitcoin trading services to launch on Southeast Asia''s largest bank (DBS)

Singapore-based DBS (DBSDF) (DBSDY) on Monday revealed plans to focus on making access to cryptocurrencies more convenient. "What we will focus on in the first half or the first 3…

The post Southeast Asia’s Largest Bank DBS to Launch Crypto Trading for Retail Investors – Exchanges Bitcoin News appeared on BitcoinEthereumNews.com . DBS, the largest bank in Southeast Asia, is planning to launch crypto trading for retail investors this year, the bank’s CEO has revealed. He added that in the first half…

DBS, the largest bank in Southeast Asia, is planning to launch crypto trading for retail investors this year, the bank’s CEO has revealed. He added