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MIXED-INCOME and multi-asset portfolio managers are turning to more defensive sectors, while reducing equity exposure in anticipation of further rate hikes by the US Federal Reserve, going by a Morningstar report on Nov 4.

FIXED-INCOME and multi-asset portfolio managers are turning to more defensive sectors, while reducing equity exposure in anticipation of further rate hikes by the US Federal Reserve, going by a Morningstar report on Nov 4.

SINGAPORE banks posted robust earnings in the third quarter of 2022, with several record figures, as the lenders continued to benefit from interest rate hikes.

OCBC’s net profit rose 31 per cent to S$1.6 billion for the third quarter ended Sep 30, from S$1.22 billion last year. 

Buoyed by strong net interest income, OCBC’s net profit rose 31 per cent to a record S$1.6 billion for the quarter, beating consensus forecasts. 

MAYBANK has named Michael Oh-Lau Chong Jin as chief executive of Maybank Investment Banking Group (MIBG), where he will oversee the investment banking arm’s services across Asean with effect from Dec 1. 

SINGAPORE wants to be a crypto assets hub, but not one that centres on the trading and speculating of cryptocurrencies, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said on Thursday (Nov 3).

COVID-19 has catalysed digital adoption, and there is no turning back. Businesses have to adapt or die. What was considered essential for life and for business has been redefined as new business models and ways of working have emerged. Financial institutions, including HSBC, have had to transform with...

SINGAPORE’S largest bank on Thursday (Nov 3) reported a 32 per cent year on year rise in net profit for the third quarter, buoyed by higher net interest margins, healthy loan momentum and a stable fee income.

WITH business momentum strong in the third quarter of 2022, DBS will likely remain resilient and post a “solid year” in 2023, said DBS chief executive Piyush Gupta.