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DBS lays out 2020 goals for transaction banking
The bank expects to double its income from the trade finance business, and quadruple its cash management segment by 2020.
PHOTO: REUTERS
Singapore
DBS Bank is eager to grow its cash management at a faster clip than before, and at a time when its trade book has been hit by a slowing China, falling commodity prices, and as arbitrage opportunities for the yuan have dried up.
The bank expects to double its income from...
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