Singapore bank sets aside record $470mn provision for Hong Kong property loans
United Overseas Bank’s move follows HSBC warning of ‘challenging’ conditions for city’s real estate
United Overseas Bank’s move follows HSBC warning of ‘challenging’ conditions for city’s real estate

Prolonged slump in retail spending and sluggish office demand put Europe’s largest lender on notice

Lender ‘maniacally focused’ on rebuilding its investment bank in one of its home markets

Lenders resume hiring in Asian financial hub while bankers return after ‘tours of duty’ in Singapore

A wave of Chinese companies raising money has revived dealmaking in Asia’s financial hub

Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit

Quarterly earnings fall 29% as stake in Bank of Communications is diluted