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MAS bars DBS from acquiring new business ventures for 6 months after repeated banking service disruptions (self.singapore)

submitted 1 year ago by trewq to c/singapore

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DBS, Singapore’s largest lender, is also required to pause all non-essential IT changes for six months.

DBS will not be allowed to reduce the size of its branch and ATM networks in Singapore for now, to ensure there are adequate alternative channels for customers in the event of further disruptions

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