Singapore's DBS Group (DBSM.SI), Southeast Asia's largest lender, is shrinking its Islamic bank subsidiary following losses in the Middle East and a decision by the group to focus on markets closer to home.Islamic Bank of Asia (IB Asia), in which DBS owns 50 percent plus one share, has transferred 10 of its 65 staff to DBS and redeployed others to new roles within the Islamic bank, a spokeswoman said. Full Story
