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MAS punishes DBS Bank for IT failures

231101-mas-imposes-six-month-acquisition-ban-on-dbs-bank-1698842304

The Monetary Authority of Singapore (MAS), the Singaporean central bank and financial regulator, has imposed a six-month ban on DBS Bank from undertaking any new business acquisitions. The decision comes in the wake of multiple service disruptions experienced by the bank this year. In add...

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