DBS posts 33% fall in Q4 profit to $1.01 billion
SINGAPORE – DBS Group Holdings posted a 33 per cent plunge in fourth-quarter earnings as its net interest margin fell and it set aside higher allowances for potential bad loans. South-east […]
UOB references Sora in pricing its capital securities
UOB has broken new ground here by pricing capital securities with a reset coupon rate that references the Singapore Overnight Rate Average Overnight Indexed Swap (Sora-OIS) rate. The move is […]
OCBC again cuts interest rates on flagship 360 savings account
SINGAPORE (THE BUSINESS TIMES) – OCBC will again lower the interest rates on its flagship savings account, marking its fourth round of revisions since May last year. From Feb 1, […]