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In 1974, the bank was transferred to become part of the Ministry of Finance and Credit POSB Pte Ltd was established in the same year to provide custom-tailored loans relating to HDB housing ownership. By 1976, POSB had one million depositors, while deposits crossed the S$1 billion mark.
NETS operates Singapore's national debit scheme enabling customers of DBS Bank, POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, CIMB and UOB to make payments using their physical/contactless ATM cards or mobile devices at more than 120,000 acceptance points in Singapore including major retailers, food courts, hawker centres, convenience stores and supermarkets.
The business was successfully integrated into DBS in October 2014. The integration bolstered DBS’ private banking business in Hong Kong and North Asia. [6] On September 11, 2017, DBS Bank Ltd (DBS) successfully completed the acquisition of Australia and New Zealand Banking Group's retail and wealth business in Hong Kong. [7]
In June 2023, DBS was fined S$2.6 million by the Monetary Authority of Singapore (MAS) for breaching anti-money laundering and countering the financing of terrorism requirements, in a matter related to the German payments provider Wirecard scandal between July 2015 and February 2020, in relation to the accounts of 11 corporate customers. [52 ...
Crédit Agricole Corporate and Investment Bank; Credit Suisse; DBS Bank; Deutsche Bank (055) HSBC (054) Industrial and Commercial Bank of China (062) ING Bank; JPMorgan Chase (057) Landesbank Baden-Württemberg; Metrobank; Mizuho Bank (058) Morgan Stanley (052) MUFG Bank(059) National Bank of Pakistan; OCBC Bank; Société Générale; State ...
(Reuters) -A state funeral for Jimmy Carter, the former U.S. president who died on Sunday at the age of 100, will be held at the Washington National Cathedral on Jan. 9, according to the U.S. Army ...
Sean “Diddy” Combs has been accused in a new lawsuit of dangling a woman from the 17th-floor balcony of an apartment during an altercation.
Depending on the issuing bank and the preferences of the client, this may allow the card to be used as an ATM card, enabling transactions at automatic teller machines; or as a debit card, linked to the client's bank account and able to be used for making purchases at the point of sale; or as a credit card attached to a revolving credit line ...