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More Swiber Fallout as Debt Panic Hammers Singapore Banks

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Shipping vessels and oil tankers line up on the eastern coast of Singapore in this July 22, 2015.  REUTERS/Edgar Su/FilesBy Jonathan Burgos (Bloomberg) — The recent drubbing in Singapore bank stocks is turning Southeast Asia’s biggest lenders into bargains for money managers including Aberdeen Asset Management Plc. DBS Group Holdings Ltd. lost S$3.6 billion ($2.7 billion) in market value in seven days from July 28 when its client Swiber Holdings Ltd. signaled it was […]

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