SINGAPORE -- Singaporean lender DBS Group Holdings, Southeast Asia's largest bank by assets, on Thursday reported a 2% year-on-year fall in its first quarter net profit as it prepares for economic headwinds brought on by U.S. President Donald Trump's trade tariff threats.
The financial institution logged a profit of $2.9 billion Singapore dollars ($2.24 billion) for the January-March quarter, down from SG$2.95 billion a year earlier and breaking a streak of growth in earnings it has enjoyed since 2022.
