Tag: $DBS Group Holdings

DBS’s first-quarter net profit beat underpins 2026 outlook as wealth arm softens Iran war risks

Singapore’s biggest bank DBS Group (DBSM) struck a more sanguine tone on its 2026 outlook on Thursday after beating ‌first-quarter earnings forecasts, betting stronger wealth inflows and deposit growth can blunt the impact of the Iran war.

DBS set to cut 4,000 jobs over 3 years due to AI, CEO says

DBS Group plans to cut 4,000 jobs over the next three years as it expects artificial intelligence (AI) to increasingly take on roles carried out by humans, Chief Executive Officer Piyush Gupta said on Monday.