Exclusive: DBS of Singapore Pursues Stakes in Malaysian Banks for Expansion, Sources Reveal

Singapore’s DBS Group Holdings Ltd, the largest lender in the city-state, is contemplating an expansion into Malaysia through potential acquisitions of stakes in local banks. According to sources familiar with the situation, DBS may target a 29.1% stake in Alliance Bank Malaysia Bhd, which is owned by Singapore’s state investor Temasek and currently valued at...