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Sunday, September 25, 2016

What else did DBS do wrong?

Why did DBS say Yuan (RMB) was the big China risk?  Well, DBS speculated in Yuan and was suspended for such activity in China.

http://www.cnbc.com/2016/01/06/dbs-ceo-piyush-gupta-tells-wealth-clients-focus-on-yuan-not-pmi.html

http://www.straitstimes.com/business/banking/china-suspends-yuan-trading-by-dbs-stanchart

DBS was one of the culprits that dabbled in yuan speculation and got punished by China but trying to get back on China by talking about yuan depreciation would only irk China more.

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