Expect muted fourth quarter results from Singapore’s three big banks

On back of lower trading-related income.

Singapore’s three biggest banks are expected to report seasonally subdued fourth quarter results, a report by Nomura revealed.

According to Nomura, the fourth quarter is usually a weak quarter as trading- and capital market-related income is lower due to reduced volumes associated with the year-end holidays.

Trading income could also surprise on the downside owing to the appreciating US dollar and falling oil prices.

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