DBS and UOB shares slide after weak 3Q results
SINGAPORE: Singapore's three major banks saw their share prices drop last week. This followed DBS and UOB reporting lower-than-expected earnings and net interest margins for the third quarter ending Sept 30 (3Q26).
Dutchman, Spaniard vie for ECB presidency
BRUSSELS: The choice for European Central Bank (ECB) president Christine Lagarde's successor probably comes down to Dutchman Klaas Knot and Spaniard Pablo Hernandez de Cos.
Standard Chartered Saadiq, CIMB Islamic complete floating-rate MYOR-i transaction
PETALING JAYA: Standard Chartered Saadiq Bhd and CIMB Islamic Bank Bhd have successfully completed a RM100mil floating-rate transaction under the Commodity Murabahah Programme.
Bank Negara takes action against two entities over unapproved advertising of foreign currency services
KUALA LUMPUR: Bank Negara Malaysia (BNM) has taken enforcement action against Najmuldin Exchanger and Nusantara Global Network over suspected contraventions of the Financial Services Act 2013 (FSA).
Public Bank records resilient performance amid headwinds
KUALA LUMPUR: Public Bank Bhd maintained a marginally positive performance in the first nine months of 2026 as it tackled prevailing soft market conditions.
Singapore bank OCBC lifts 2026 guidance after Q3 profit beat
SINGAPORE: Singapore's Oversea-Chinese Banking Corp on Friday raised its 2026 outlook after posting a 3% annual rise in third-quarter net profit that beat estimates, even as weakness in its insurance arm weighed on its bottom line.
Singapore's DBS flags uncertain outlook as market volatility drives Q3 profit miss
SINGAPORE: Singapore's largest bank, DBS Group, warned on Thursday of growing global uncertainty due to elevated energy prices, higher interest rates and geopolitical risks as market volatility pushed its earnings lower.
Banks expected to benefit from potential hike in the OPR
Malaysian banks could see an earnings boost from a potential interest rate increase, as stronger economic growth raises the prospect of Bank Negara Malaysia (BNM) reversing its pre-emptive rate cut last year, although intensifying deposit competition could limit the upside to margins.
Public Bank sets up RM20bil Sukuk Murabahah programme
KUALA LUMPUR: Public Bank Bhd has established a RM20 billion Sukuk Murabahah Programme that will provide it the flexibility to issue senior sukuk and/or subordinated sukuk from time to time.
Singapore's UOB Q3 net profit misses forecasts; wealth momentum continues
SINGAPORE: Singapore's United Overseas Bank, or UOB, on Wednesday posted a net profit for the July-September period that missed expectations, despite stronger loan-related activities and wealth management fees reaching an all-time high.
