DBS and POSB Bank customers in Singapore experienced service disruptions on 5 May, marking the second major outage in two months. Many were unable to access online and mobile banking services, and ...
5 best regular savings plans in Singapore 2023: Invest with $100 a month
Investing is like exercising daily, improving your cooking skills or sleeping earlier — we all know we should be doing it, but due to lack of time, discipline or knowledge, it sometimes falls to the ...
Temasek considers investing $100 million in Indian jeweller BlueStone -sources
Singapore state investor Temasek Holdings is considering investing $100 million in Indian jeweller BlueStone for a stake of about 20 per cent, two sources with direct knowledge of the matter told ...
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DBS ordered to set aside regulatory capital totalling $1.6b after repeated disruptions: MAS
A disruption to DBS Bank’s digital banking and ATM services on Friday and an earlier widespread disruption on March 29 means the additional capital requirement it must set aside now stands at about $1 ...
MAS ups DBS’ additional capital requirement to S$1.6 billion after successive disruptions
SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement on DBS Bank in the wake of two successive service disruptions in the space of just over a month. Onli ...
Why are US banks wobbling and how might this impact Singapore?
SINGAPORE - US regional banking stocks declined on Thursday despite reassurances from Federal Reserve chair Jerome Powell that the country’s banking system is “sound and resilient”, and that Monday’s ...
HSBC: Right Idea, Wrong Time For An Asian Divorce
Thirty years of being headquartered in London is proving to be very disorienting for HSBC Holdings Plc. Posterity will question the wisdom ...
DBS digital banking services disrupted for second time in under 2 months; ATMs also affected
SINGAPORE: DBS online banking and payment services were disrupted on Friday (May 5) for the second time in less than two months. Customers reported difficulties logging in to DBS/POSB digital banking, ...
DBS digibank services, including Paylah! disrupted again; second time in 2 months
Thousands of DBS Bank customers in Singapore on Friday (May 5) said they were unable to use DBS digibank online and mobile services for about an hour from around 12.30pm.DBS’ digital banking services, ...
DBS, POSB experience third banking service disruption in two years
DBS and POSB banking services faced a 45-minute disruption due to high traffic on 5 May. This is the second service disruption in two months and third in two years.
DBS online services down for nearly an hour; second disruption in under 2 months
Complaints on the website Downdetector, which tracks outages, saw a surge in complaints about DBS at 12.45pm. There were more than 2,000 reports from DBS bank customers on the website. At 1pm, a total ...
Disruption to DBS digital banking services due to ‘high login traffic volume’
SINGAPORE: DBS Bank users experienced intermittent issues logging into the bank's mobile banking services on Friday (May 5) due to "high login traffic volume", the bank said. It was responding to ...
Alibaba’s global e-commerce arm that includes Lazada weighs US IPO, sources say
The Alibaba unit would join a number of high-profile Chinese firms including fast-fashion leader Shein seeking to tap US capital. Read more at straitstimes.com.
Shares Rise, Dollar Weakens on Bank Sector Fears
"With the dust barely settling post Wednesday's Fed meeting, banking sector developments have added to conviction not just that the Fed is done tightening, but that the Fed will b ...