STI was down 2 per cent to 3,469.47, after crossing the 4,000-point mark for the first time on March 28. — The Straits Times
SINGAPORE: Shares of all three local banks extended their decline on Tuesday as potential US Federal Reserve (Fed) rate cuts and the Trump administration’s sweeping tariffs weigh on the banks’ outlook.
Analysts told The Straits Times that these uncertainties continue to put pressure on and could soften loan demand, net interest margins and wealth-management activity.
