Central bank: BEA in Singapore not exposed to Lehman

Xinhua, 25 Sep 2008

SINGAPORE, Sept. 25 (Xinhua) -- Singapore's Monetary of Authority (MAS), the de facto central bank, said Thursday that the Bank of East Asia in Singapore has confirmed it does not have any exposure to bankrupt U.S. investment Lehman Brothers.

MAS thus advised depositors not to act hastily in response to unfounded rumors.

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