Tag: United Overseas Bank (UOB)

Singapore bank suspends loans for London properties after Brexit

SINGAPORE, Singapore (AFP) — A top Singapore bank said Thursday it has suspended loans to anyone wanting to buy property in London, citing uncertainty from Britain’s vote to quit the EU but dealing a blow to investors looking to make the most of the weak pound. United Overseas Bank (UOB), one of the city-state’s three homegrown lenders, said it was monitoring the market closely to determine when the loans would resume. “We will temporarily stop […]