Mixed Q4 for Singapore
SINGAPORE - The Overseas Chinese Banking Corporation (OCBC) and DBS Bank reported mixed results from treasury businesses in the fourth quarter.
On February 18, OCBC reported a successful quarter for its global treasury operations, which includes the bank's foreign exchange activities, structured treasury products, money market operations, and fixed income and derivatives trading. The operating profits from the business grew to S$125 million ($80 million) in the fourth quarter 2008. This is a 59%
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