United Overseas Bank Has a 'Very Strong' Balance Sheet, CFO Says

United Overseas Bank Ltd.?Chief Financial Officer?Lee Wai Fai?discusses the financial results of Southeast Asia's third-largest lender. The Singapore-based bank reported a jump in profit from trading and pointed to additional wealth flows this year while flagging a lower-than-expected margin outlook. Lee also talks about the government's decision to raise property taxes in a bid to cool the red-hot housing market. He speaks on "Bloomberg Markets: Asia." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en