Latest News Update About UOB:The Straits Times Index added 6.36 points or 0.22 per cent to 2,933.40. In the broader market, gainers beat losers 2 to 1 in a volume of 250 million shares valued at $233.6 million. 
Top advancers included Genting S’pore, City Development, MCL Land, UOB, DBS and Boustead S’pore.
United Overseas Bank (UOB), the last of the three listed local banks to announce earnings, reported a 28 per cent increase in its second quarter profit as declining bad loan charges offset a slump in client trading and share sales.
Net income jumped to $602 million in the three months ended June 30 from $470 million in the corresponding period a year earlier even as non-interest income plunged 31 per cent, the bank said yesterday.
UOB breaks ground for new law center
The University of Baltimore is slated to break ground Thursday on the new John and Frances Angelos Law Center, a $107 million project on Mount Royal Avenue and North Charles Street, the Baltimore Sun reports.Read More.
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