DBS Group Holdings Ltd. ADROTCPK - Current
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  • Thu, Jul. 21, 2:15 AM
    • Singapore's central bank has vowed to take action against four institutions for failures in anti-money laundering controls, saying it seized $177M in assets linked to alleged fraud at Malaysian state fund 1MDB.
    • Preliminary findings uncovered "instances of control failings” at UBS, Standard Chartered (OTCPK:SCBFF) and DBS Group (OTCPK:DBSDY), as well as "substantial breaches" of anti-money laundering regulations at Falcon Private Bank.
    | Thu, Jul. 21, 2:15 AM | 7 Comments
  • Sun, Jul. 17, 5:22 AM
    • The Monetary Authority of Singapore is scrutinizing several institutions, including UBS and DBS Group (OTCPK:DBSDY), to see if they broke anti-money laundering rules in handling transactions linked to scandal-hit Malaysian state fund 1MDB.
    • The probe could lead to fines and other penalties if lapses are found, Reuters reports, although it is still unclear which transactions by the banks are being examined.
    | Sun, Jul. 17, 5:22 AM
  • Apr. 8, 2015, 4:03 AM
    • Manulife Financial (NYSE:MFC) is close to signing a multiyear deal of well over $1B to distribute its insurance products across Asia via the branches of Singaporean lender DBS Group (OTC:DBSAY), the WSJ reports.
    • The Canadian company will pay the money over the lifetime of the agreement, which follows a similar deal between AIA and Citigroup in late 2013.
    | Apr. 8, 2015, 4:03 AM
  • Apr. 2, 2012, 2:44 AM
    DBS Group Holdings (DBSDF.PK) offers to buy PT Bank Danamon Indonesia for ~$7.2B, the biggest takeover by a Southeast Asian lender, and plans to tap Bank Danamon’s 3,000-branch network to expand in fast-growing Indonesia.
    | Apr. 2, 2012, 2:44 AM