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 ...
Lawmakers urge SEC to look into Shein use of Uyghur forced labor before IPO offering
A bipartisan group of congressmen is asking the Securities and Exchange Commission to force the popular clothing store Shein to prove that it does not use forced Uyghur labor in the making of its ...
What caught your eye this week? (Arm IPO, Smallest LED, Telexistence technologies)
Nasa highlights that the Czech Republic has become the 24th country to sign the Artemis Accords. The Register reports that the U.S. President Joe Biden is proposing tax “designed to counter the ...
Alibaba’s Global Online Commerce Arm Weighs a US IPO
Deliberations around an IPO are very preliminary and the situation may change ... It competes with Amazon and Sea Ltd.’s Shopee in Southeast Asian markets such as Thailand, Malaysia and Singapore. In ...
UOB to invest over $500 mil to build new global technology and innovation centre in Punggol
UOB, on April 18, announced that it will invest over $500 million to build its new global technology and innovation centre in JTC’s Punggol Digital District, becoming the first local bank to do so.
UOB deepens its regional roots
Wee Ee Cheong, talks about challenges in expanding its regional network and retail bank, investing in tech and talent, succession ...