Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group.
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DBS bank posts 29% fall in first-quarter net profit (CNBC)DBS said on Thursday that its first-quarter net profit fell 29% year-over-year to 1.17 billion Singapore dollars ($829.2 million) in January-March this year.The fall in earnings was a result of the Singaporean bank setting aside 1.09 billion Singapore dollars ($772.5 million) to cover potential losses from the coronavirus pandemic.DBS said two-thirds of that money were for “general allowances to anticipate a deeper and more prolonged economic impact from the pandemic,” while the remaining was mainly “for new exposures recognised as non-performing during the quarter.”COVID-19: Safe distancing on aircraft and higher ticket prices could be ‘new normal’ for industry, say analysts (CNA)
Imagine travelling to your holiday destination on a plane that is only half filled with passengers, served