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Singapore's DBS warns of uncertain outlook as market volatility drives Q3 profit miss

3 sources

Reuters4h ago

Center

Singapore's DBS warns of uncertain outlook as market volatility drives Q3 profit miss

SINGAPORE - Singapore's largest bank, DBS Group, warned on Thursday (Nov 5) of growing global uncertainty due to elevated energy prices, higher interest rates and geopolitical risks as market volatility pushed its earnings lower.DBS, which is also Southeast Asia's biggest lender by assets, said July-September net profit fell 5 per cent to S$2.81 billion from a year earlier, mainly on...

Original

Reuters6h ago

Center

Singapore's DBS flags uncertain outlook as market volatility drives Q3 profit miss

SINGAPORE - Singapore's largest bank, DBS Group, warned on Thursday (Nov 5) of growing global uncertainty due to elevated energy prices, higher interest rates and geopolitical risks as market volatility pushed its earnings lower.DBS, which is also Southeast Asia's biggest lender by assets, said July-September net profit fell 5 per cent to S$2.81 billion from a year earlier, mainly on...

Original

AsiaOne6h ago

Centerprovisional

DBS flags uncertain outlook as market volatility drives Q3 profit miss

SINGAPORE - Singapore's largest bank, DBS Group, warned on Thursday (Nov 5) of growing global uncertainty due to elevated energy prices, higher interest rates and geopolitical risks as market volatility pushed its earnings lower.DBS, which is also Southeast Asia's biggest lender by assets, said July-September net profit fell 5 per cent to S$2.81 billion from a year earlier, mainly on...

Original

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