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DBS CEO cautions on Fed hikes after profit surge

  Bloomberg DBS Group Holdings Ltd Chief Executive Officer Piyush Gupta said investors in Southeast Asia’s largest lender should be cautious about uncertainties stemming from Federal Reserve interest rate hikes and slowing Chinese growth. That tone followed the release of strong profit growth for the fourth quarter, wrapping up a year which he described as the bank’s best financial performance ...

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SMBC mulls increasing stake in Rizal Bank

  Bloomberg Sumitomo Mitsui Banking Corp is considering increasing its stake in Philippine lender Rizal Commercial Banking Corp as the Japanese firm seeks to expand its footprint across Southeast Asia, according to people familiar with the matter. Tokyo-based SMBC is working with financial advisers as it prepares to boost its roughly 5% stake in RCBC, the people said, asking not ...

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HSBC to double some junior banker bonuses in race for talent

  Bloomberg HSBC Holdings Plc plans to as much as double bonuses for some of its junior investment bankers and traders in a bid to catch up with rivals on compensation. The lender, which paid less than most rivals a year ago after cutting the bonus pool at its global banking and markets division by 15%, wants to avoid losing ...

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