Markets have become a lot more volatile in the last two years: DBS CEO #CNA
Markets have become a lot more volatile in the last two years: DBS CEO
DBS Group is banking on artificial intelligence to drive productivity and new revenue streams, even as near-term headwinds from lower interest rates and global tax rules temper earnings. Singapore’s biggest lender on Thursday (Nov 6) announced that its third quarter net profit fell 2 per cent year-on-year to S$2.95 billion (US$2.3 billion), though the result still beat economists’ expectations. CEO Tan Su Shan speaks to CNA’s Elizabeth Neo following the earnings release, noting that markets have become more volatile in the last two years.
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