In a statement issued later, DBS Bank clarified that the reduction of 4,000 employees over the next three years will primarily involve contract and temporary staff. Natural attrition will also ...

in the statement. DBS’s performance was driven by its wealth management business and an increase in loans. The bank expects net interest income to grow in 2025, even assuming two further ...

the franchise and digital transformations carried out over the past decade position us well to continue delivering healthy returns," DBS Chief Executive Officer Piyush Gupta said in a statement.

A DBS spokesperson has told MARKETING-INTERACTIVE in a statement: “Over the next 3 years, we envisage that AI could reduce the need to renew about 4,000 temporary/ contract staff across our 19 ...