Read? Worst Cash Flow From Investment Portfolio of Stocks In SGX Since 2009?
Read? DBS’s Gupta pans banks’ dividend cuts
For his part, Gupta says cutting dividends now is “nonsensical” and “a bit of a red herring”. He notes that years of Basel reforms have left banks with “enormous capital reserves” and a clear protocol: to dip first into buffers, then counter-cyclical buffers, and finally into capital reserves.
If this is a multi-year problem... banks will likely get to the point where they can’t pay dividends. But promising now to not pay them is, to me, illogical - Piyush Gupta, DBS
He points to the number of retirees who own a handful of treasured DBS shares, which they use to leaven their pension pot, noting that eliminating dividends “doesn’t just hit the fat cats but people who just want to supplement their pensions a bit”.
[SINGAPORE] Singapore's DBS Group Holdings set aside...
