Oversea-Chinese Banking Corporation

Whampoa Group plans to raise US$50 million for a crypto-related hedge fund

The order book for the securities was 2.1 times oversubscribed by investors.

SINGAPORE (July 13): A group led by Yanlord Land, together with Perennial Real Estate, is making an offer to acquire a 33.5% stake in United Engineers at $2.60 each.

SINGAPORE (May 9): Oversea-Chinese Banking Corporation (OCBC) has posted a net profit after tax of $973 million for 1Q17, 14% above $856 million in 1Q16.

SINGAPORE (Jan 17): Moody's Investors Service says Singapore’s three largest banks are poised to weather further weakening in asset quality and continued downward pressure on profitability in 2017.

SINGAPORE (Nov 24): Oversea-Chinese Banking Corporation (OCBC) has established its inaugural programme to issue US$10 billion ($14.3 billion) of global mortgage covered bonds.

SINGAPORE (Nov 8): Singapore banks could see better days after the US Federal Reserve announces its rate hike later this year, according to RHB Research which is maintaining its “neutral” rating on the sector.

SINGAPORE (Nov 7): Maybank Kim Eng is maintaining its “negative” recommendation on Singapore banks, in anticipation of further asset quality deterioration, even as the local lenders have focused on revenue generation in 3QFY16.

SINGAPORE (Nov 3): UOB Kay Hian is maintaining its “overweight” recommendation on the Singapore banking sector after the three local lenders posted healthy results for 3QFY16, on the back of strong non-interest income.