DBS (D05.SG) +1.2% at $13.98, bucking falls by other 2 Singapore lenders, says Dow Jones.
Gains possibly supported by bank’s ambition to expand its treasury and markets business in Asia via $250 million investment over next five years.
Move comes at time when margins for core lending business pressured by low interest rates. Investment will include increasing headcount in Asia to about 600 from 405 now, expanding its Hong Kong-based RMB business capabilities, which includes FX, bonds, structured products, hedging solutions.