Singapore bank earnings disappoint on wealth, trading slump

Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. posted fourth-quarter profit that missed analysts’ estimates as market turmoil dented income from wealth and trading operations. OCBC’s net income unexpectedly fell 11 percent to S$926 million ($684 million) in the three months ended Dec. 31, Singapore’s second-largest bank reported Friday. UOB’s…