16 May 12 | The Straits Times
SINGAPORE has become the most important overseas office for the Bank of East Asia (BEA), said its chairman and chief executive David Li. In more recent years, Singapore has become the hub of our growing South east Asia network, including our branch in Labuan, representative office in Kuala Lumpur, and our partner banks in Malaysia and Indonesia, said Dr Li, who is also a prominent politician...
14 May 12 | The Business Times by Siow Li Sen
[SINGAPORE] Germany s Deutsche Bank continues to invest hundreds of millions of euros annually in its global transaction banking business to ensure it stays ahead of the game.
The headlines may be about international banks scaling back from Asia but transaction banking is one area where competition continues to be intense.
Regional banks such as DBS Group Holdings and ANZ have...
10 May 12 | The Business Times by Conrad Tan
UNITED Overseas Bank s (UOB) net profit rose 12.4 per cent to $688 million in the first quarter from a year ago, beating analysts estimates, as lending margins and fee income improved.
Compared with the previous quarter, net profit rose 23.3 per cent, boosted by gains on the sale of investment securities and lower charges for bad loans.
Total operating income was $1.63 billion,...