The jump in allowances is like "buying insurance”, putting UOB in a stronger position and avoiding forced property sales.

Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to ...

Singapore's United Overseas Bank, or UOB, reported on Thursday a 72% fall in net profit in the third quarter from a year ...

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore banks flagged margin pressure for 2026 as falling interest rates weigh on ...

Singapore's DBS Group on Thursday reported better-than-expected earnings in the third quarter, sending its shares to a record ...

Wee purchased the shares for $5,063,674.5, and his stake in the company has now increased to 179,820,416 of the total number ...

In a surprising financial update, United Overseas Bank (UOB) announced a staggering 72% decline in its net profit for the third quarter, reporting earnings of $443 million compared to $1.61 billion ...

While the results may look bad on the surface, UOB Chief Executive Wee Ee Cheong said the bank's financial position is solid, likening booking the provisions to buying insurance for what lies ahead.

DBS shares hit an all-time high on Nov 6 while UOB slipped some 2.8% the same day, but OCBC Investment Research head Carmen ...

Singapore’s United Overseas Bank (UOB) said on Thursday it expects 2026 net interest margin to be lower than this year’s ...

DBS Group shares rose to a new intraday high, while that of Singapore peer United Overseas Bank fell, after the pair of banks reported third-quarter results. Shares of DBS rose nearly 3% to S$55.10 on ...

United Overseas Bank Ltd. shares slumped after the lender set aside its biggest provision of S$615 million ($470 million) ...