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DBS third-quarter profit in surprise slide to five-year low on oil and gas provisions

Singapore's DBS Group Holdings (DBSM.SI) booked an unexpected slide in quarterly profit on Monday, with income falling 23 percent to a five-year low as it nearly doubled provisions for loans to the troubled oil and gas industry. More »

DBS CEO sees wealth management business as key growth driver

DBS CEO Piyush Gupta speaks during a Reuters Newsmaker event in Singapore March 2, 2017. REUTERS/Edgar Su Singapore lender DBS Group is expanding its wealth management business and expects the segment will account for as much as a fifth of its revenues in a fe... More »

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