UOB Plans $2.2 Billion Capital Return as Profit Meets Estimates
(Bloomberg) — United Overseas Bank Ltd. announced a S$3 billion ($2.2 billion) plan to distribute excess capital over the next three years as it reported fourth-quarter profit that met expectations. Southeast Asia’s third-largest bank will introduce a new share buyback program of S$2 billion and plans a special dividend, the lender said in a statement … Read more