DBS, OCBC and UOB pledge no job cuts due to Covid-19

Singapore

SINGAPORE banks, which are major employers here, have pledged no retrenchments as a result of the novel coronavirus outbreak.

In a statement, Piyush Gupta, CEO of Singapore's largest bank DBS, said: "While these are clearly challenging times for all, DBS recognises the key role that we play in support of employees, customers, shareholders and the community. Our capital and liquidity positions are strong.