UOB's bad loans take shine off profit
Troubles in the oil and gas services industry took the gloss off United Overseas Bank’s results, with bad loans increasing the most in more than a year.The Singaporean lender declared S$799 million (588 million dollars) of new nonperforming assets in the three months to September, overshadowing a better-than-expected profit figure that was driven by higher interest income and wealth-management fees.