Banking
Hong Kong’s bad-debt bankers ramp up fire sales, liquidations as city’s distressed loan ratio hits a high
At least half a dozen lenders have increased their number of special asset bankers
Wealth ambitions, AI threats and war risks: 4 takeaways from Singapore banks’ Q1 results
The Big Three banks DBS, OCBC and UOB all post earnings that beat street expectations
OCBC’s Indonesia deal a ‘perfect fit’ for Asean wealth ambitions, says CEO, as Q1 profit beats estimates
Lender’s earnings for period rise 5% to S$1.97 billion
UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%
CEO Wee Ee Cheong says the completion of its Citi integration gives the bank a ‘long runway’ for organic wealth growth across Asean
MAS partners banking industry to tap AI, machine learning to combat financial crime
It will use these techniques to enhance scam-detection capabilities
OCBC’s Indonesia deal boosts wealth push, may herald more M&A under new CEO Tan Teck Long: analysts
Industry watchers say the bank might look to high-growth Asean markets for more acquisitions
HSBC misses profit estimates on fraud-related credit loss, Iran war risks
Its shares declined as much as 4.25% in early afternoon Hong Kong trading
No longer just an outpost: Vietnam’s rise opens new front for DBS, OCBC, UOB
The financing needs of businesses there have grown as they integrate into Asian trade and capital flows
DBS CEO Tan Su Shan strikes upbeat tone on deposits, wealth growth after strong Q1
The lender declares a dividend of S$0.81 per share, up from S$0.75 the year before
Safe-haven flows, no Q1 Fed cut support positive earnings outlook for DBS, OCBC, UOB: analysts
All 3 lenders have little to no exposure to private credit risks, management teams say
