Latest Breaking News On - Rebound after first annual profit drop - Page 1 : comparemela.com

Biggest Singapore Bank Cuts CEO Pay After Virus Hits Profit Bloomberg 3/8/2021 Chanyaporn Chanjaroen © Bloomberg The DBS Group Holdings Ltd. logo is displayed atop Tower 3 of the Marina Bay Financial Centre in Singapore, on Wednesday, Feb. 12, 2020. The coronavirus outbreak rocked Singapore s financial district after an infection at the country’s biggest bank prompted it to evacuate 300 workers. (Bloomberg) DBS Holdings Group Ltd. cut Chief Executive Officer Piyush Gupta’s total 2020 compensation by 24% after Singapore’s largest lender posted its first annual drop in profit for four years. Popular Searches The bank slashed Gupta’s bonus by 27%, resulting in a 24% decline in his overall compensation to S$9.2 million ($6.8 million) for the 2020 performance year, down from S$12.1 million a year earlier, DBS said in its annual report on Monday. The reduction reflects the “extremely challenging operating environment,” it said, as the global pa

Marina baySingapore generalPiyush guptaBarclays plc jes staleyHoldings group ltdGroup holdings ltdMarina bay financial centreStandard chartered plc bill wintersLakshmi vilas bank ltdBloomberg theChief executive officer piyush guptaRebound after first annual profit dropChartered plcBill wintersBarclays plcJes staley