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UOB Bullion and Futures to sell brokerage & clearing business for US$5m

Singapore

UOB's wholly owned subsidiary UOB Bullion and Futures has entered into an agreement with financial services firm INTL FCStone to sell its futures and options brokerage and clearing business for US$5 million, with a view to winding down the business.

A UOB spokesman told...

sentifi.com

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