DBS Group Chief Executive Officer Piyush Gupta took home a total of S$17.6 million ($13.22 million) for 2024, after the banking giant reported a surge in profit margins and unveiled a dividend capital ...
DBS chief Piyush Gupta’s pay rises to $17.6 million in 2024 after bank’s record earnings
SINGAPORE - Outgoing DBS chief executive Piyush Gupta received $17.6 million in total pay for 2024, higher than what he took home in 2023, according to the bank’s annual report released on March 6.
DBS outgoing CEO Gupta gets $13 million in ‘another banner year’
DBS Group raised Chief Executive Officer Piyush Gupta’s total remuneration for 2024 by 56%, citing the bank’s record profits, standout wealth business and strengthened technology.
DBS’s CEO Piyush Gupta earns $17.6 mil in FY2024 after another year of record earnings
DBS Group Holdings’ CEO Piyush Gupta has earned $17.58 million in FY2024 after delivering another record set of earnings of the bank during the year.
DBS updates transition finance framework, remains ‘committed’ to climate action amid backtracking among banks
While there have been some setbacks in global climate commitments, DBS remains committed to supporting climate action for a low-carbon and climate-resilient economy,” says DBS CEO Piyush Gupta.
Singapore officials warn against crypto
The Singapore Minister of State for Home Affairs, Sun Xueling, has urged the population not to invest in cryptocurrencies as the number of associated scams has increased. Speaking in parliament on the ...
Will AI threaten your bank job? Customer service, compliance roles at higher risk, recruiters say
DBS said last week that it may not renew 4,000 contract and temporary jobs over the next three years due to artificial intelligence advancements.
Singaporean woman opened bank accounts that received over S$711mil, admits not knowing sources of funds
SINGAPORE: A woman has admitted in court that she did not know the sources of hundreds of millions of dollars that were transferred to her firm's three corporate bank accounts.
Singapore banks face margin squeeze despite strong results: Moody’s
Looking ahead to 2025, Moody’s said banks may expect mid- to high-single-digit loan growth. Singapore’s three largest banks—DBS, OCBC, and UOB—posted strong financial results in 2024, maintaining ...
Singapore tech group Sea’s finance arm emerges as key profit driver
The fintech business, SeaMoney, which offers digital payments, credit and banking services, posted an operating profit of $657 million last year, up 34% from 2023, contributing to a threefold increase ...
Here’s the prize money payout for each golfer at the LPGA’s 2025 HSBC Women’s World Championship
The LPGA’s latest Hall of Famer has showed no signs of slowing down, dominating the HSBC Women’s World Championship to win her 23rd career LPGA title. She collected the $360,000 first-place prize money payout at Sentosa Golf Club in Singapore, topping both Ayaka Furue and Jeeno Thitikul by four shots.
Singapore banks return capital but draw mixed sentiments; earnings stay resilient in Q4
Investors were divided over the respective capital return plans of DBS, UOB and OCBC, which come as they attempt to lower excess capital resulting from changes to global bank capital requirements.
Malaysia probes alleged Nvidia chips moved from Singapore, vows ‘necessary action’ against local firms involved
Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz made the pledge as he gave updates on investigations into an alleged fraud case involving servers exported from Singapore that may have ...
Singapore Considers Caning for Financial Scammers
Singapore is considering caning financial scammers to deter scams, which saw a 70% increase in losses last year. The government is also tackling malicious websites.
UOB chairman Wong Kan Seng ups his stake in bank by 10,050 shares for total cost of $385,000
This brings Wong’s total stake to over 75,000 shares or 0.004% of total number of ordinary votes. Wong was the former deputy prime minister of Singapore.
Committee of Supply 2025 debate, Day 3: Keith Chua on IPOS’ support for SMEs and Singapore as an arbitration hub
Many small- and medium-sized enterprises (SMEs) may not be aware of the opportunity to unlock the value of their intangible assets and intellectual property rights. Successful businesses should ensure ...