Nomura Recommends Investors Avoid Singapore Banks’ Tier 2 Bonds
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Singaporean banks face more earnings pressure from their heavy exposure to the oil and gas and commodities sectors, Nomura said in a report dated Aug. 8.
Alert: HALISTER1- The downgrade risk by Moody’s on Singapore banks’ ratings could “become meaningful” when the banks announce their results for the financial year 2016 early next year: Nomura
- Note: DBS Q2 profit fell 6% due to provisions made for Swiber
Source: BFW (Bloomberg First Word)
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