OCBC Bank has posted a 12 per cent jump in net profit to a record S$1.25 billion as it sold more loans at higher margins.

OCBC Bank's digital transformation is bearing fruit with more customers transacting digitally and at the same time is helping to drive costs down, said its chief executive Samuel Tsien...

THE following companies saw new developments which may affect trading of their shares on Thursday:

BT EXCLUSIVE

OCBC Bank has become the latest bank to raise interest rates for credit card late payments, raising questions on whether this would trigger a new round of increases by other banks.

THE following companies saw new developments which may affect trading of their shares on Monday:

MAYBANK Singapore is about to begin a new phase as it incorporates locally, 58 years after the bank first began operating in the city-state.

DESPITE posting a net profit increase of 17 per cent to S$1.04 billion for Q3, United Overseas Bank got a bear mauling on Friday as Asian markets continue tanking.

SINGAPORE stocks pared back the afternoon's losses to finish 0.6 per cent lower on Thursday, with the Straits Times Index retreating 19.24 points to 3,012.84. ...

LOAN yields for banks could go on the up in the third quarter of 2018 reflected by an increasing three-month Sibor, said a DBS analyst on Friday morning in a research note.

YIELD RUSH

WITH Temasek Holdings' 2.7 per cent five-year bond having been heavily subscribed by institutional investors, bets are on that retail demand for this public bond offer, which opened on Wednesday...