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DBS's Gupta cleans up books, but faces challenges
DBS's Gupta cleans up books, but faces challenges
DBS CEO Piyush Gupta is cleaning up the Singapore bank's books early in his tenure but fickle markets and low interest rates are challenging his robust profit outlook. The former Citibanker, who took over Southeast Asia's biggest bank in November, reported a S$1.02 billion ($750 million) writedown on Friday, the second-biggest since 2005, to reflect the market value of the bank's struggling Hong
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