banks

SINGAPORE (May 5): Banks are at new multi-year highs and have underpinned the Straits Times Index, helping it to a new 2017 and 12-month high.

TOKYO (April 5): Corporate Japan achieved a rare feat in the fiscal year that ended last week. Not one of its almost 4,000 publicly-traded firms filed for bankruptcy protection.

SINGAPORE (Feb 23): Credit Suisse says UOB is its top pick as the bank offers the appeal of positive leverage to rising US rates while providing earnings assurance should there be further asset quality weakness in oil and gas sector loans.

SINGAPORE (Feb 2): The likely two or three interest rate increases expected in the US for 2017 will likely benefit Singapore banks given the positive impact on their net interest margins, agrees Lim & Tan Securities in its daily note this morning.

SYDNEY (Dec 19): Australia's conservative government will on Monday give an update on the national budget that could trigger a downgrade in the country's prized triple A credit rating and push up borrowing costs on over a trillion dollars of debt.

(Dec 13): Hong Kong arrested 29 current and former staff of five financial institutions, including four banks, for alleged bribery connected with obtaining confidential customer information to market personal loans, the city’s anti-graft agency said.

LONDON (Nov 22): Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the US bank will have to hold extra capital from 2019 to help preserve financial stability.

MUMBAI (Nov 22): Serpentine queues spilling from banks. Parents worried that they can’t provide for their families. Prime Minister Narendra Modi appealing to Indians to bear the pain for just a little while longer.

SINGAPORE (Nov 22): Swiber Atlantis, a wholly-owned subsidiary of Swiber Holdings, has signed a memorandum of agreement (MOA) for the sale of its vessel known as Sea Horizon to WAG SPV I, LLC for US$10.25 million ($14.6 million).

SINGAPORE (Nov 17): There were no major surprises for UOB Kay Hian in 3Q16. According to the research house, 65% of the stocks under its coverage reported financial results came in line with their expectations.