Oilfield services firm Ezra Holdings of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday.
A firm tied to Singapore's Ezra Holdings, EMAS Chiyoda Subsea, filed for bankruptcy protection in the U.S. after it said it ran out of money to repay debt.
Troubles in the oil and gas sector may be over for Singapore banks, but economic uncertainties expected to persist through 2017 may hinder growth.
Singapore's United Overseas Bank (UOB) reported on Friday its earnings for the fourth quarter slipped 6.2 percent on-year to S$739 million.
Singapore's top lender said net profit in the fourth quarter of 2016 fell nearly 9 percent from a year ago to S$913 million.
Asian markets were mostly lower on Tuesday, as pussyfoot investors look to the Federal Reserve chair's two-day congressional testimony.
OCBC, Singapore's second largest listed bank, said net interest income fell 7 percent in the fourth quarter of 2016.
Stronger global oil prices have not benefited the offshore marine sector, whose troubles will weigh on Singapore banks report earnings.
Shares of Singapore-listed offshore services company Ezra Holdings hit record low on Wednesday as concerns over its debt obligations continue to mount.
Restaurant executives have quite a few reasons to be optimistic about 2017, but Andy Puzder could be the biggest one.
Most Asian markets dropped more than 1 percent, after a poll showed the GOP's Donald Trump leading rival Hillary Clinton.
Asian shares were mixed Thursday, with Samsung Electronics shares in focus after it plunged in reaction to problems with the Galaxy Note 7.
DBS Group Holdings, Singapore's biggest lender, posted a 6 percent drop in second-quarter profit, hit by a sharp jump in provisions for bad loans.
Asia markets lost some momentum on Thursday, even as global markets recovered from their post-Brexit plunge.
OCBC forecasts a weaker Chinese currency by year-end, saying that China's move to a basket-valuation has worked.
DBS, Singapore's biggest lender, beat forecasts with a 6% rise in core quarterly profit despite a slump in mainly China-related trade loans.
A unit of Oversea-Chinese Banking Corp, said it has agreed to buy part of the Asian wealth unit of Barclays for $320 million.
The affected institutions are DBS Bank, DBS Group Holdings, OCBC and UOB, Moody's said in a statement.
Asian shares traded mixed on Friday, as investors awaited the release of U.S. jobs data that could provide hints to when the Fed will raise interest rates.
Malaysia's budget may be the toughest yet as its embattled leader struggles with declining oil revenues, spending priorities and a political scandal.