UOB
UOB is a bank in Asia that provides a wide range of financial services such as personal financial services, private banking, business banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, brokerage and clearing services, asset management, venture capital management and insurance.
See below for the Latest UOB News, Analysis, Profit Results, Share Price Information, and Commentary.
June CPI remains elevated at 2.4% YoY
June CPI remains elevated at 2.4% YoY
MAS upgraded its 2021 official headline CPI from 0.5%-1.5% YoY to 1%-2% YoY.
Xero, UOB to allow SMEs access to digital accounting platform
SMEs that qualify for the UOB Start digital pack will be offered six months of free access.
Retail, F&B, services sectors appeal for aid to weather second Phase 2(HA)
These sectors have been greatly affected by the 16-month “roller coaster” of tightening and loosening restrictions.
Digitalisation creeping into non-tech roles as Singapore banks accelerate hiring
The sector will continue in a “reform and transform” path, hinging on successful digital banking applicants.
Chart of the Day: Bank stocks amongst strongest in H1 as locals average 19% of returns
DBS, OCBC, and UOB received net institutional and net proprietary inflows of $1.39b in Q1 and $468m in Q2.
Market Update: STI up 0.46%
The Straits Times Index makes a recovery from last week's close.
UOBAM marks surge in online coporate investing
Clients' AUM on the online portal also surpassed S$1b (US$740m).
SG bank stocks outpace global benchmarks
Bank stocks were amongst the strongest industries in the global stock market in the first half of the year.
Headline inflation seen to rise up to 1.5% in 2021
Overall inflation rose to 2.4% in May, the highest since November 2013.
Singapore’s exports expands 8.8% in May
This is the 6th consecutive month of exports growth.
What SG’s ageing population means for the young
The total elderly population is expected to outnumber the young by 2025.
UOB renames YOLO credit card to UOB EVOL card
Targeting Gen Z customers, the card offers 8% cashback on online purchases.
UOB pilots digital bond issuance on Marketnode's asset issuance platform
It is the first financial institution on the platform as an issuer and bond house.
UOB to pilot 'Sign with Singpass' for e-signature authentication
The bank will test the feature with retail and corporate clients for 12 months.
UOB to shut down 24 branches
Thirty-eight will remain open, each located within a 3km radius from a closed branch.
UOB pins growth hopes on wealth management and fee income
But Asian slowdown will be a drag.
UOB net earnings could rise to S$3.1b in FY14
See why OCBC Investment Research is bullish.
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Commentary
Where does value creation really happen?
Managing the cost of diverging standards: Why Singapore matters
Singapore’s AI ambition has an intelligence problem
Singapore is deploying AI at speed – and security risks are catching up
Precious metal boom is a stress test for Singapore’s gold ambitions
Singapore’s global dispute fault lines
‘Tokenmaxxing’ – The wrong AI race to run in Singapore
To outsmart modern fraud, we must first know the enemy
Why Singapore SMEs cannot wait for quantum cyber risk to arrive before securing data