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Oil and China exposures hurting S'pore banks

Analysts warn of more bad loans from the oil and gas sector, but say this should not cause alarm
Tuesday, January 19, 2016 - 05:50
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It's a new year of old problems for Singapore banks, with their shares falling 12-15 per cent since the start of 2016 on concerns over oil-and-gas exposure, and China.

Singapore

IT'S a new year of old problems for Singapore banks, with their shares falling 12-15 per cent since the start of 2016 on concerns over oil-and-gas exposure, and China.

With oil prices slipping below the US$28 mark as the lifting of international sanctions on Iran, the