Wee Ee Cheong


UOB’s 3Q earnings fall 7.8% to $791 mil on absence of one-off gain, higher allowances

SINGAPORE (Oct 28): UOB Group reported a 7.8% drop in 3Q earnings to $791 million from $858 million a year ago on absence of one-off gain from the sale of investment securities and higher allowance for distressed assets.
OCBC Bank Group CEO Samuel Tsien with fintech start-ups. Photo: OCBC Bank

Local banks draw start-ups closer to their orbit

SINGAPORE (Aug 4): OCBC and UOB, two of the three leading local banks, this week made more strides working with start-ups in the emerging financial technology (fintech) space.