DBS Group

DBS CEO Tan Su Shan says Singapore's political and fiscal stability makes it a haven for investors facing geopolitical risks and supply‑chain disruption. She highlighted DBS's strong credit standing and ability to help customers diversify and pivot markets quickly. Tan also emphasized hiring for attitude to build a workforce capable of navigating AI-driven change. » More on cnbc.com

Singapore's major banks, led by DBS, are pursuing a strategy of retraining rather than cutting staff as they expand AI applications. DBS has given all 40,000 employees basic AI training and retrained 11,000 for new roles created by AI. The government, financial institutions and unions have struck a pact that includes state‑cofunded reskilling programs to avoid job losses. Despite more efficient AI systems at OCBC and DBS, permanent employees are not expected to be replaced en masse under the current plan. » More on handelsblatt.com

DBS and Stripe have agreed to a partnership to develop AI capabilities for payments. Stripe will use DBS’ digital banking services to offer merchants on its platform improved options for cross-border payments in Asia. In return, DBS is evaluating the use of Stripe’s platform features to expand its own cross-border banking network. » More on de.investing.com

DBS Group reports strong momentum in wealth management and corporate banking in Q2 2026, driven by high fee income, rising assets under management and disciplined cost control. AUM in core segments reached SGD 516bn, total AUM SGD 680bn; management reaffirms the target of SGD 1 trillion by 2030. No audited EPS or revenue figures were published; analysts had expected EPS of $3.07 and revenues of $4.6bn. The stock reacted muted (-0.96% at close); the bank highlights ongoing loan growth, continued capital returns and investments in wealth centres, while flagging risks from regulatory changes in China. » More on de.investing.com

DBS Bank posted a record net profit of SGD 6.01 billion and record total income of SGD 12.0 billion in the first half, with wealth management, higher fee income and trading revenues offsetting a 3% decline in net interest income. Assets under management rose to SGD 516 billion, and fee surplus increased by 20%. Management expects interest rates to remain unchanged for the rest of 2024, plans further investment in wealth management, technology and regional expansion, and is targeting a cost-to-income ratio in the low 40% range. The shares slipped slightly to USD 230.18, reflecting a muted market reaction to the results. » More on de.investing.com