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Singapore cenbank imposes additional capital requirement on DBS

SINGAPORE (Reuters) – The Monetary Authority of Singapore said on Monday it has imposed on DBS Group Holdings Ltd an additional capital requirement of about $692 million, following a two-day disruption to its digital banking services in November. The MAS has required DBS to apply a multiplier of 1.5 times to its risk-weighted assets for …

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Nissan to stop most development of new gasoline engines – Nikkei

(Reuters) – Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the United States and focus on making electric vehicles, the Nikkei business daily reported on Monday. The automaker will continue limited development of its gasoline engines for its U.S. market, mainly for pickup trucks, according …

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