TOKYO -- Two of Singapore's three biggest banks on Thursday reported declines in quarterly profit, as they grapple with a fresh round of interest rate cuts undertaken by the U.S. Federal Reserve.
Finance
Singapore's DBS and UOB show profits sliding amid interest rate cuts
Bank executives expect further pressure as loan margins weaken in Q3
Singapore's DBS Group Holdings and United Overseas Bank reported lower net profit in the July-to-September quarter. (Source photos by Reuters)
Read Next
Latest on Finance
