Source : The Business Times, August 7, 2007
SINGAPORE - DBS Group Holdings, South-east Asia's largest lender, said on Tuesday that the collateralised debt obligations (CDOs) of its asset management arm have no exposure to subprime mortgage loans.
DBS said in a statement that DBS Asset Management manages two CDO portfolios with underlying assets totaling US$1.03 billion.
'Neither CDO has underlying assets with exposure to US subprime mortgages,' the bank said. -- REUTERS
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