Singapore's banking authority says DBS outage was 'unacceptable'

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Singapore's banking authority says DBS outage was 'unacceptable'
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Shares of Southeast Asia's largest bank DBS Group were down 1.4% on Thursday, a day after a 10-hour outage of its digital services.

In a statement issued late Wednesday, MAS said it instructed DBS to "conduct a thorough investigation to establish the root cause of the disruption and submit its investigation findings to MAS."The central bank said it will gather the "necessary facts" before taking suitable action.

Late Wednesday, the bank then announced it would extend banking services at all its branches by two hours.its customers that its systems were not compromised and clients' deposits were safe.

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