DBS sent email to traders lifting ban on Lehman deals: source

TradingMarkets.com
17 Mar 2008
Patricia Kowsmann

SINGAPORE (MarketWatch) -- DBS Group Holdings Ltd. (D05.SG) sent an email to traders Monday to reverse earlier instructions not to enter new transactions with Lehman Brothers Holdings Inc, a person familiar with the matter said.

"There was an email sent out after the first advising traders to review new transactions (with Lehman Brothers) case by case," the person told Dow Jones Newswires.

Earlier Monday DBS sent an email to several traders instructing them not to conduct any new dealings with Lehman Brothers or Bear Stearns Cos., two people familiar with the situation said.

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