DBS abandons noncore curriculum and grades shoot up
Article Abstract:
This article discusses the trend in the Singapore banking community toward the sale of non-banking businesses. The movement is exemplified by Development Bank of Singapore which has sold its stake in Singapore Petroleum and the DBS Tampines Center, a retail and commercial building.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Outgrowing its home, DBS will build a second hub
Article Abstract:
The Development Bank of Singapore Ltd. is acquiring Hong Kong bank Dao Heng Bank Ltd. for $5.7 billion helping the company to expand its markets outside of Singapore. Analysts and investors have mixed feelings about the purchase, citing a decline in the stock price and the financial rivalry between Singapore and Hong Kong.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Singapore banks regroup
Article Abstract:
The five domestic banks in Singapore may be merging into three large banks, keeping with government goals of increased banking consolidation. Oversea-Chinese Banking Corp. has acquired Keppel Capital Holdings Ltd., and United Overseas Bank Ltd. is gaining a controlling interest in Overseas Union Bank Ltd.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Stretched Fig teams square up. Come the revolution. Banking on success
- Abstracts: Altadis net jumps on price increases and cost cutting. Altadis bid may spur others. Altadis net profit jumps 26% despite declining demand
- Abstracts: Alcoa's net surged in quarter, beating analysts' estimates. Alcoa posts 31% drop in first-quarter net. Alcoa's net income jumped 57% in second quarter
- Abstracts: Tractebel to buy 25% of power plant in Poland. EdF is looking to enter race for U.K. plants. Merger talk boosts shares of Tractebel