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WikiFX Express

White House seeks $500 million for farmers to grow more wheat, pay for market loans

DBS Q1 profit falls 10% in weak markets, revenue slips 3%

WikiFX

| 2022-04-28

Abstract：SINGAPORE (Reuters) – DBS Group Holdings reported a 10% decline in quarterly profit after net income at Southeast Asias largest lender fell 3%, with weaker markets weighing on its wealth management business and treasury market activities.

div classBodysc17zpet90 cdBBJodivpSINGAPORE Reuters – DBS Group Holdings reported a 10 decline in quarterly profit after net income at Southeast Asias largest lender fell 3, with weaker markets weighing on its wealth management business and treasury market activities.p

pThe Singaporebased lenders net profit fell to S1.8 billion 1.30 billion in JanuaryMarch from a record S2 billion a year earlier but came above an average estimate of S1.63 billion from six analysts, according to Refinitiv data.pdivdivdiv classBodysc17zpet90 cdBBJodiv

p1 1.3868 Singapore dollarsp

pp Reporting by Anshuman Daga Editing by Jacqueline Wongp

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