DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's ...
The CEO of Southeast Asia’s largest bank is taking a $3 million pay cut because of broken digital banking services
DBS reported record full-year profits on Wednesday, but also slashed the pay of senior executives following several major disruptions to online services.
Singapore’s GIC makes senior leadership changes, appoints new COO
Singapore sovereign wealth fund GIC's current deputy chief operating officer Sam Kim will be appointed as COO as part of a wider senior leadership changes, it said a statement on Wednesday. GIC, one ...
Singapore-based DBS Group cuts CEO Piyush Gupta’s variable pay by 30%
This decision by DBS Group to cut its CEO's compensation comes despite the bank reporting a two percent increase in net profit to S$2.39 billion in the quarter ending December 31.
DBS Group’s India-born CEO Piyush Gupta takes $4.1 million variable cut. Here’s why
Singapore's biggest lender DBS Group Holdings Limited has said that its chief executive officer Piyush Gupta took a 30 per cent cut in variable pay which amounts to Singapore $4.1 million, Bloomberg ...
This was Singapore’s biggest commercial investment deal in Q4
According to a Savills report, Singapore’s commercial sector recorded a total of S$1.6 billion worth of investment sales in Q4/2023, which came from 13 transactions (all from the private sector). ...
Singapore’s DBS slashes CEO’s 2023 pay by $3m
CEO Piyush Gupta's variable compensation, which typically covers bonus payouts, was cut by 30%, which amounted to SG$4.14 million ($3.08 million), DBS said in a media release as it published its ...
Stealing food, fiddling with ATMs: Macaque gets up to monkey business at Beauty World
SINGAPORE: Singaporeans are no strangers to monkeys and their antics, from daredevil stunts straight out of the Mission: Impossible action movies to hanging out on a huge crab replica at The Punggol ...
DBS slashes CEO’s variable pay by 30% after multiple digital disruptions
DBS Group cut compensation for its senior management to "hold them accountable" for a number of digital disruptions that year.
DBS Q4 profit up 2% before one-off items, proposes 1-for-10 bonus share issue
In addition, DBS’s board is proposing a 1-for-10 bonus issue, meaning one bonus share for every 10 shares held. The bonus shares will qualify for dividends, starting from the first-quarter 2024 ...
UPDATE 2-Singapore’s DBS maintains 2024 guidance, Q4 profit beats forecasts
Q4 net profit rose to S$2.39 bln vs S$2.37 bln estimate * Proposed final dividend 54 cents/share and 1-for-10 bonus issue * Net interest margin at 2.13% in Q4 versus 2.05% a year earlier * 2023 ROE ...
DBS CEO Piyush Gupta takes 30% cut in 2023 variable pay for bank’s digital disruptions
SINGAPORE - The 2023 variable compensation for DBS Group Holdings chief executive officer Mr Piyush Gupta and other members of the lender’s group management committee has been cut to hold them ...
DBS chief Piyush Gupta’s variable pay cut by 30% over digital disruptions
SINGAPORE: Mr Piyush Gupta, the DBS chief executive officer, had his variable pay cut by 30 per cent in 2023, as a result of the digital disruptions experienced by the bank's customers. This amounted ...
Singapore bank DBS’ fourth-quarter net profit rises 2% on-year, beats forecast
DBS Group , Singapore's biggest bank, posted on Wednesday a 2% rise in net profit in the fourth quarter from a year earlier on the back of a 9% increase in total income, according to a statement from ...
SCB appoints Anil Kejriwal as new CFO
Standard Chartered Bangladesh has appointed Anil Kejriwal as Chief Financial Officer. Kejriwal will also join Standard Chartered Bangladesh’s country management team. He will continue on in his role ...
Singapore Sees Changi Airport Traffic Hitting Pre-Covid Levels This Year
Singapore Changi Airport’s passenger volumes are expected to reach pre-pandemic levels in 2024, the country’s transport ministry said in a written response to parliamentary questions. Monthly ...