SINGAPORE, April 29 (Reuters) - DBS , Southeast Asia's biggest lender, posted a record quarterly profit for the first three months of 2011, beating expectations on falling bad-debt charges, strong investment banking fees and a surge in trading income.
This is the third straight quarter that DBS has posted better-than-expected earnings, signalling a turnaround in its business despite low interest rates, which has hurt Singapore's biggest bank in the past because of its struggle to deploy its large deposit base profitably. Full story
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