DBS arranges largest Chongqing loan by foreign bank

Board member Anthony Lim will replace the retiring Peter Seah in the new year.

The claim is filed by several entities and their liquidators in relation to the scandal hit Malaysian sovereign wealth fund.

Net profit at the Singapore bank fell 10% in Q4 amid rate headwinds, higher tax expenses and the absence of non-recurring gains; annual revenue in FY 2025 climbed to a record high of S$22.9bn.

Xu Qing, who has been at the bank for over a decade, will oversee all credit and risk functions in Hong Kong, mainland China and Taiwan.

Sebastian Paredes will retire in March and be replaced by DBS Taiwan CEO Ng Sier Han.

Another busy day but better pricing for investors as issuers make allowances for a heavy pipeline and the poor trading performance of recent deals.