Singapore bank OCBC first-quarter profit slumps to seven-year low, builds loan-loss defences

Singapore's second-largest lender Oversea-Chinese Banking Corp more than doubled its loan loss provisions due to the coronavirus and warned of a "very uncertain" economic outlook, as it posted a 43% plunge in first-quarter net profit on Friday.

from Reuters: Money News https://ift.tt/2SMDrkx
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