DBS does the right thing?

Deutsche Bank wins plaudits for share placement, as DBS draws a line under controversy surrounding the calculation of its capital ratios.

As DBS Bank sprung its S$2.2 billion $1.2 billion share placement on the equity markets this Monday, the question that immediately sprung to most lips was why now when the bank's share price is at a 52 week low  Explaining what at first appears a very strange move, commentators have come up with two different theories.

One the one hand, there are those who believe that the bank acted in the belief that markets might get worse rather than better. This group applauds DBS President and COO Jackson Tai for raising the necessary equity to replenish capital ratios ahead of schedule and provide a platform for the bank's share price...

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