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DBS's ability to manage bad loans questioned in JP Morgan report

DBS Group Holdings' ability to handle nonperforming loans was questioned by analysts at JPMorgan Chase after the Singaporean bank revealed potential losses from its S$700-million exposure to a troubled oil- services firm.

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DBS Bank wins approval to start operations in Shanghai FTZ

DBS Bank, a Singapore-based financial multinational, said Thursday that its sub-branch in the Shanghai Pilot Free Trade Zone (FTZ) has won approval to start operations.