DBS mum on reports of its suspension from China forex business

Singapore

OCBC Bank and United Overseas Bank (UOB) both confirmed on Thursday that they continue to trade foreign exchange in China, unlike several banks like compatriot DBS Bank that are said to have been banned from doing so.

The respective spokeswomen of OCBC and UOB told The Business Times their banks face no ban on trading forex in China.

DBS spokeswoman Edna Koh declined to comment on reports that the bank is among others suspended from some forex business by the People's Bank of China.

"We heard that DBS had been banned since December," a source to…