expected credit loss

Banking & finance

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

SINGAPORE (May 4): When Hin Leong Trading filed for court protection on April 17, it emerged, in affidavits by its own-er Lim Oon Kuin and his son Lim Chee Meng, that the local oil trader owed 23 banks a total of US$3.85 billion ($5.45 billion).

Banking & finance

DBS, UOB forecast to cut dividends this year as OCBC resorts to script in bear case, says Morgan Stanley

The Covid-19 pandemic has changed many aspects of our lives. Since banks are central to the way we live — the way in which banks are perceived have also changed. Take as an example dividends. Local investors have over the past 10 y

Covid-19 Solidarity Budget

What the stimulus means for banks

 In addition to the stimulus packages, policy interest rates are falling. Singapore’s exchange rate policy and the easing for the SGD NEER leading to a weaker Singapore dollar may limit the decline in local rates.