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Shares in DBS drop after suffering worst performance in treasury and markets operation since Piyush took top job

Bloomberg
Bloomberg8/2/2018 04:59 PM GMT+08  • 3 min read
Shares in DBS drop after suffering worst performance in treasury and markets operation since Piyush took top job
(Aug 2): DBS Group Holdings Ltd. shares fell after second-quarter results suffered from what Chief Executive Officer Piyush Gupta described as the worst performance in its treasury and markets operation since he took the top job almost a decade ago.
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(Aug 2): DBS Group Holdings Ltd. shares fell after second-quarter results suffered from what Chief Executive Officer Piyush Gupta described as the worst performance in its treasury and markets operation since he took the top job almost a decade ago.


See: DBS 2Q net profit up 20% to $1.37 bil from year ago; declares 60 cents interim dividend

While net income rose 20% to $1.37 billion in the three months ended June, that missed analysts’ expectations for $1.44 billion. Shares in Southeast Asia’s largest lender slid as much as 3%, the biggest intraday decline since July 6.

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