DBS ties with HSBC, StanChart in S'pore trade finance

Singapore

DBS Bank's push in the trade finance business has clinched it a place among the global banks. While HSBC continues to dominate across Asia in trade finance, in Singapore, DBS has made it to the top three banks serving multinationals based here, according to the 2014 Greenwich Associates study released on Monday on Asian corporates' use of trade finance.

HSBC, Standard Chartered Bank, Citi, Deutsche Bank and ANZ Bank are the top five leaders across Asia serving large corporates.

In Singapore, DBS ties with HSBC and Standard Chartered Bank in providing corporates with an international network matching their trade flows…