Briefs: DBS launches Sydney branch, ANZ signs new contract with IBM, Myer leaves financial services 02 September 2015 3:50PM Banking Day staff Briefs, Singapore's DBS Bank opened its Sydney branch yesterday promising to compete in the institutional and investment banking segments of the market, Fairfax Media reports. The bank has worked with Woodside Petroleum as lead arranger on syndicated lending deals. DBS, which is Southeast Asia's biggest bank and is part owned by the Singapore Government's sovereign wealth fund Temasek, was granted an Australian banking licence in June. Chief executive Piyush Gupta was in Sydney for the launch. ANZ has extended its longstanding partnership with IBM under a A$450 million five-year deal that will delivery technology to support the bank's expansion in Asia, iTnews reports. The two companies will co-invest in an innovation lab to allow ANZ developers to build new services. ANZ said in a statement that the new agreement would allow it to use common platforms across its international network. Financial services seems to be a low ranking priority for retail chain Myer, with the topic ignored in a new strategy released yesterday. GE Capital is the issuer of the Myer Visa card introduced in 2009. Myer and GE have released scant data on the uptake of this card, though early uptake was low. A vexatious litigant will need the approval of the Federal Court in order to undertake any further litigation against the Bank of Queensland. The court ruled against Richard Mulhern, his family and related business in a judgment last week. Mulhern has begun and lost seven actions against BOQ stemming from personal bankruptcy and business failure dating from 2009.