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Singapore banks' dividend cap to bring short-term pain, but higher payouts in end

Shares of Big Three local banks slide on Thursday after Wednesday's news

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Shares of Singapore's local lenders extended their slide on Thursday, after the central bank asked them to cap dividend payouts.

Singapore

SHARES of Singapore's local lenders extended their slide on Thursday, after the central bank asked them to cap dividend payouts.

At the closing bell, DBS had dropped S$0.63 or 3.1 per cent to S$19.77; OCBC Bank had tumbled S$0.34 or 3.8 per cent to S$8.56, and UOB fell S$...

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