Singapore Banks Rise to 2015 Highs as Earnings Shine: Chart

(Bloomberg) -- Singapore banks’ share prices have been reaching the highest levels since 2015. Along with gains in wealth management, earnings reports have indicated that bad loans, including to the oil and gas industries, may have stabilized. United Overseas Bank Ltd. said bad-loan formation was down from a 2016 peak, while DBS Group Holdings Ltd. said asset-quality pressures seemed to be moderating. Oversea-Chinese Banking Corp. reports May 9.