Singapore’s UOB defies investment banking slump


SINGAPORE: United Overseas Bank Ltd (UOB) said a boost from debt underwriting in local currencies across South-East Asia is helping it ride out a wider slump in bond issuance that’s weighing on global firms.

Fixed income deals in the region are up about 40% from a year ago, said Edmund Leong, managing director and head of group investment banking at UOB, in an interview.

   

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