Oversea-Chinese Bank's Fourth-Quarter Net Falls 16% (Update4)

Bloomberg
21st Feb 2008
Jean Chua

Feb. 21 (Bloomberg) -- Oversea-Chinese Banking Corp., owner of Singapore's biggest life insurer, said fourth-quarter profit fell 16 percent as it wrote down investments linked to U.S. subprime mortgages and didn't repeat gains from an asset sale.

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