Reuters
2 Apr 2008
SINGAPORE, April 2 (Reuters) - DBS (DBSM.SI: Quote, Profile, Research), Southeast Asia's largest bank, said on Wednesday its long-held plans to expand beyond its core markets of Singapore and Hong Kong included possible acquisitions in the Middle East and Australia.
Under the leadership of Chief Executive Jackson Tai, who left the bank in December, DBS Group Holdings has failed to buy banks in China and Korea and was forced to rely on its two main centres, where it generates more than 90 percent of earnings.
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