UOB Sets Aside $470 Million Amid Banking Sector Headwinds
United Overseas Bank Ltd. missed third-quarter profit estimates, as the Singapore lender set aside S$615 million ($470 million) to guard against banking sector headwinds and buffer for allowances on a...
By Rthvika Suvarna · Bloomberg
United Overseas Bank Ltd. missed third-quarter profit estimates, as the Singapore lender set aside S$615 million ($470 million) to guard against banking sector headwinds and buffer for allowances on a few corporate accounts.