Singapore property curbs may bit into banks' growth

MarketWatch, 3 Sep 2010
HONG KONG (MarketWatch) -- The biting restrictions that Singapore introduced earlier this week to cool the city's property prices will likely affect credit growth at the city's lenders and restrict their share gains.
The prospect of low interest rates in the U.S., to which the Singapore's interest rates are linked, and an expected slowdown in the city-state's economic growth during the second half of this year through 2011 might keep the lenders' net interest rate margins and earnings growth rates also pressured, say analysts. Full story