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SINGAPORE -- DBS Group Holdings said on Wednesday that it had cut the pay of senior management after a series of digital banking failures dogged Singapore's largest bank by total assets last year.
CEO Piyush Gupta's variable compensation, which typically covers bonus payouts, was cut by 30%, which amounted to SG$4.14 million ($3.08 million), DBS said in a media release as it published its quarterly earnings report.
