Tuesday, February 20, 2024
HomesingaporeService outages: MAS bars DBS from acquiring new business ventures, reducing branch...

Service outages: MAS bars DBS from acquiring new business ventures, reducing branch and ATM network sizes for 6 months

SINGAPORE — DBS Bank has been barred from acquiring new business ventures by the Monetary Authority of Singapore (MAS), and also instructed not to reduce the size of its branch and automated teller machines (ATM) networks in Singapore.

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