Higher Asian banks’ exposure


  • Business
  • Saturday, 25 Aug 2007

LONDON: Three Asian banks' heavy exposure to the limping US home-loan sector reinforced global credit jitters but Germany and Italy saw no signs of new problems. 

Shares in Singapore's DBS Group Holdings, state-controlled Bank of China and its Hong Kong subsidiary, BOC Hong Kong, all skidded yesterday after they revealed a combined exposure to the US subprime mortgage market of almost US$13bil. 

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