MARK TO MARKET

Banks should stop share buybacks and cap their dividends

With a historic recession looming, they should aim to preserve capital and provide timely information to investors instead

THREE weeks ago, I said in this column that I would be a buyer of Singapore bank stocks if they traded below their book values. When the buying opportunity that I defined presented itself recently, I began dipping my toe in the water, accumulating some shares in OCBC.

Talk about trying to

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