Banking & Finance

The revisions follow similar cuts to UOB’s target prices after its results earlier this week

Asia-Pacific respondents are the most likely to report increasing allocations to private equity

Financial markets expect another rate hike in December

Household holdings of government bonds account for less than 1% of their financial assets

Analysts expect inflation to climb further in the coming months

Leaders of lenders warn of a tougher road ahead, given geopolitical risks and higher energy prices

The decision extends a pause that has been in place since a quarter-point cut in July 2025

The earnings miss S$2.95 billion consensus forecast; bank expects mid-single-digit total income growth for 2027

The reductions are across the bank’s units, including wealth management and investment banking, sources say