Singapore banks' profit highs fade as interest crunch mounts

DBS, UOB and OCBC grapple with fallen rates amid Trump tariff pressures

20250806 DBS, OCBC and UOB

ATMs from DBS, Oversea-Chinese Banking Corp. and United Overseas Bank are used in Singapore on March 14. Southeast Asia's three largest banks are bracing for "second order" effects of America's protectionist moves. (Photo by Yuki Kohara)

DYLAN LOH

SINGAPORE -- The profit margins at Southeast Asia's three largest banks are being squeezed by an interest rate crunch, and pressure is mounting on their earnings as America's trade war stokes economic uncertainty.

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