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2021-11-25

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DBS stock fell 1% in Singapore

DBS stock fell 1% in Singapore following a 2-day service disruption. Singapore’s central bank said

DBS stock fell 1% in Singapore

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In 2010, DBS set aside S$230 million ($168 million) in regulatory capital after its banking services failed for more than six hours following repairs.</p>\n<p>DBS in recent years has invested heavily to digitize its core banking business and set up new technology platforms. Such efforts have helped to boost the bank’s return-on-equity and have enabled the lender to reach more customers in all of its markets.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113757092","content_text":"DBS stock fell 1% in Singapore following a 2-day service disruption.\n\nSingapore’s central bank said it will consider supervisory actions after DBS Group Holdings Ltd. suffered one of the worst digital disruptions for Southeast Asia’s biggest lender in the past decade.\n“This is a serious disruption and MAS expects DBS to conduct a thorough investigation to identify the root causes and implement the necessary remedial measures,” Marcus Lim, assistant managing director at the Monetary Authority of Singapore, said in an emailed response to questions on Wednesday. “MAS will consider appropriate supervisory actions following the investigation.”\nThe disruptions in DBS’s digital services -- an area where the Singapore-based bank has invested in heavily -- started early Tuesday and resurfaced the following day. 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