Banks

Lender’s revenue rises 12% year on year, above expectations

Brokerage moves the stock to ‘hold’ with a target price of S$28.40

The pickup comes as high bond yields make market funding less attractive

The focus now is on how the country’s moves to reclaim value from its reserves of the metal will pan out

The Middle East conflict has delayed investment and deal-making in the region

F&B operators are staying selective as late kick-off timings raise cost and labour considerations

Such moves allow banks to manage default risk on loan books, boost solvency ratios, free up regulatory capital

This follows the resignation of its banking chief, whose external directorship led to a regulatory breach

The moves come as regulators globally roll back intrusive measures put in place after the global financial crisis