Banks have been in the limelight this week.
DBS Group (SGX: D05), Singapore’s largest bank, recently hit an all-time high of S$35.51 while United Overseas Bank Ltd (SGX: U11) hit its 52-week high of S$29.44
We delve more deeply into the reasons for this rise to assess if it can be sustained.
Speaking of banks, financial technology group iFAST Corporation Limited (SGX: AIY) announced that it purchased an 85% stake in a UK digital bank, BFC Bank.
This move was aimed at boosting its customer base and assets under administration while giving the fintech group a coveted banking licence.
We explore the details of this deal and tease out its pros and cons.
Here is a list of our top articles for this week.
1. DBS and UOB Share Prices are Hitting New Highs: Can Their Run Continue?
As mentioned above, the share prices of both DBS and UOB are hitting new highs. Can this streak continue?...