The sale, which includes excess cash, is expected to generate a pre-tax gain of about S$330 million for UOB
The sale, which includes excess cash, is expected to generate a pre-tax gain of about S$330 million for the bank
Potential divestments are said to include funds from global private equity managers EQT, TPG Asia and KKR
Price pressures have risen due to the Iran war and large AI investments
Central bank official says key policy rates have been left unchanged this year to ensure banks have access to low-cost funding
The lender will consider hiking its bonus pool if performance keeps up, says CEO Georges Elhedery
Local banks are in focus this week as investors look for clues on whether Q2 tailwinds can extend into the year
This is the largest-ever fine against a broker-dealer for Bank Secrecy Act violations
He is expected to strengthen overall board composition with his financial services expertise
Nitin Chengappa has been with the Singapore lender since July
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