BANKS

BANKS

Changing needs and Covid-19 driving banks to raise their game

SINGAPORE (June 19): It has been more than 20 years since Singapore liberalised its financial sector.

BANKS

UOB loans $4 bil to mid-sized enterprises affected by Covid-19

SINGAPORE (May 5): United Overseas Bank (UOB) has approved $4 billion in loans under the Temporary Bridging Loan Programme (TBLP).

BANKS

Covid-19, oil price collapse to hit banks’ earnings as HSBC’s results show

SINGAPORE (April 30): When Hin Leong Trading filed for court protection on April 17, it emerged, in affidavits by its owner Lim Oon Kuin and his son Lim Chee Meng, that the local oil trader owed 23

BANKS

DBS, OCBC, UOB set to post first profit decline since 2016

(Apr 29): All three of Singapore’s banks are expected to see profit declines for the first time since 2016 as they set aside cash for a potential spike in bad loans stemming from the coronavirus-fu

BANKS

HSBC reports 1Q2020 earnings decline, records higher credit costs because of Hin Leong, Covid-19

SINGAPORE (April 28): HSBC Holdings reported a 48% y-o-y decline in profit before tax to US$3.2 billion from higher expected credit losses (ECL), other credit impairment charges and lower revenue.

BANKS

DBS, OCBC, UOB likely to record impairments owing to Hin Leong Trading bankruptcy: Phillip Securities

SINGAPORE (April 22): The bankruptcy filing by Hin Leong Trading (HLT), a major oil trading firm in Singapore, is set to hit the three local banks, according to Phillip Securities.

BANKS

Expect shareholder returns to rise in next decade despite slowdown in short-term growth

SINGAPORE (Dec 20): In the past 10 years, the local banks have given investors decent returns.

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