Featured Archives • Page 909 of 1274 • Financial News

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UOB Q1 net profit falls 10% to S$906 million; CFO sees improvements ahead

UOB's Q1 net profit may have fallen in the first quarter amid lower trading and investment income but the bank expects improvements in the coming quarters.

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Singapore banks raise promotional rates in race for deposits

AS interest rates rise, the jostle for deposits has also begun.

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Great Eastern Q1 profit halved due to less favourable financial market conditions

INSURANCE company Great Eastern Holdings said its profit attributable to shareholders fell to S$220 million for its first quarter ended Mar 31, 2022, 50 per cent lower than the S$437.6 million in the same period a year ago.

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Sustainability-linked loans trump other green finance for Singapore property firms

PROPERTY firms and real estate investment trusts (Reits) bagged nearly half of the green debt raised by Singapore companies last year, with sustainability-linked loans making up the lion’s share, according to an analysis by the Institute of Real Estate and Urban Studies (IREUS).

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UBS posts best Q1 profit in 15 years, bolstered by trading growth

UBS posted its best first-quarter net profit in 15 years on Tuesday (Apr 26) with a 17 per cent jump on the back of strong trading, upending expectations for a fall amid uncertainties over the war in Ukraine.

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UK’s Sunak faces new headache as borrowing figures overshoot forecast

British government borrowing in the recently ended 2021/22 financial year was almost 20 per cent higher than forecast by the country’s budget office last month, showed figures published on Tuesday (Apr 26).

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Trust in banks in Singapore increases despite Covid-19 uncertainties: ABS study

A FOCUS on continual improvement has seen overall trust in the Singapore banking industry increase year on year by 7 points to 63.

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Brokers’ take: UOBKH downgrades iFast to ‘hold’, DBS lowers target price

SOME analysts are turning bearish on iFast Corporation after its latest financial results came in below expectations.

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OCBC partners MVGX; aims to roll out new green financing solutions later this year

OCBC on Monday (Apr 25) announced its partnership with a Singapore-based carbon exchange as it aims to roll out new green financing solutions for large corporates looking to simplify their path to carbon neutrality later this year.

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Silverlake Axis eyes potential in insurtech space

THE influx of non-traditional digital banks in recent years may have spurred some excitement in the financial services ecosystem, but at least one banking solutions provider is not jumping on the bandwagon.

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