DBS Group Holdings Ltd. Chief Executive Officer Piyush Gupta, pulling his $6.5 billion bid for PT Bank Danamon Indonesia, said his ambitions in Southeast Asia’s largest economy may be set back by about five years.
DBS Group Holdings Ltd. , Southeast Asia’s biggest bank, reported a 38 percent increase in fourth- quarter profit as trading income tripled and allowances for credit losses shrank.
DBS Group Holdings Ltd. Chief Executive Officer Piyush Gupta said he expects China to account for 10 percent to 15 percent of the group’s total profit in “over a decade.”
DBS Group Holdings Ltd. Chief Executive Officer Piyush Gupta’s annual salary increased to S$8.08 million ($6.4 million) last year as profit at Southeast Asia’s biggest bank climbed to a record.
Piyush Gupta, JPMorgan Chase & Co.’s head of fixed income and debt capital markets in India, is leaving the firm, according to two people with knowledge of the matter.
Banks in the biggest emerging markets are losing the confidence of investors as loans turn sour after a two-year credit binge.
"We're an industry of information, we're bits and bytes, so we're easily digitizable."
- Piyush Gupta on May 06, 2014