banking sector

Total compensation for many senior bankers in Asia ex-Japan fell to US$700,000 to US$800,000, well below the US$1 million mark.

IMF says that the banking sector is not clear from the turmoil and may drag global economic growth

UOB's top picks for the sector are DBS and OCBC.

Analysts are predicting an uncertain future for the property and banking sectors for the rest of 2020 and into 2021.

Following MAS’s announcement on capping Singapore banks’ FY20 dividends, analysts have maintained their “hold” or “neutral” recommendations for the shares of DBS Bank, UOB and OCBC.

The three-month Singapore interbank offer rate (3M-SIBOR) and three-month swap offer rate (3M-SOR) have fallen to their respective seven-year lows, the brokerage notes.

SINGAPORE (Dec 23): RHB Group Research is remaining “neutral” on the local banks, as the combined net profit of the three banks – DBS, UOB and OCBC – are forecasted to be flat y-o-y in 2020.

SINGAPORE (Aug 7): RHB Research is maintaining its “overweight” stance on Singapore’s banking sector with “buy” ratings for both United Overseas Bank (UOB) and DBS at target prices of $33.30 and $30.30, respectively.

SINGAPORE (Aug 6): Randstad Singapore says 2Q hiring activities have increased for front- to middle-back office operations in the banking & financial services sector, following a quarter of strong economic growth that was partly driven by the finance and

SINGAPORE (Nov 8): Maybank Kim Eng is maintaining its “hold” call on DBS Group with a higher target price of $22.75.