DBS Group Holdings Ltd., Southeast Asia’s largest lender, agreed to sell its remaining stake in Bank of the Philippine Islands for S$850 million ($681 million) to focus on key markets including Singapore and Hong Kong.
DBS Group Holdings Ltd., Southeast Asia’s largest lender, said a bad call on when the U.S. Federal Reserve would begin to curtail its bond-purchase program led to lower treasury-related income in the third quarter.
DBS Group Holdings Ltd. and Oversea- Chinese Banking Corp., Southeast Asia’s largest lenders, unexpectedly posted third-quarter profit gains as rising loans and fee income offset tighter interest margins.
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 . Chief Executive Officer Piyush Gupta , seeking to lift a stock that’s trailed the bank’s main rivals in 2010, said he’s given himself three years to boost return on equity to above 12 percent.