Singapore Bank Won’t Trade Derivatives In U.S.

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Singapore Bank Won’t Trade Derivatives In U.S.

DBS Group Holdings, the largest bank in Southeast Asia, said it will not register with U.S. Commodity Futures Trading Commission to trade derivatives, saying it saw no “immediate commercial benefits” of complying with the registration requirement to enter the U.S. market.

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