DBS's institutional banking growth to slow
But the lucrative cash management services rose 20 per cent in H1, continue to expand at double digits
Singapore
THE cooling of China's economy will ease the growth of DBS Group Holdings' institutional banking business this year, after a double-digit expansion in the past five years, the bank's institutional banking head Jeanette Wong predicts.
"Sometimes when you have a large base you grow at a smaller pace," she said in an interview with The Business Times last Wednesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say