Stock Market News : DBS says it "should have taken more rigorous action"

DBS said on Tuesday morning that while the Monetary Authority of Singapore has found that "control shortcomings" at the bank were not unavoidable, "we ought to have made more thorough move regarding the flawed action, regardless of the possibility that it was purposefully intended to hide another reason". 

It included that the money related punishments forced on DBS were for breaches that happened in 2013 and 2014 and that the bank will take proper activities to consider capable workers responsible, "which will incorporate our senior administrators". 

It acknowledges the controller's choice and "will give benefits inferable from our inadequacies to an admirable motivation", it included. It didn't determine how much.

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