Singapore says sees banks' stakes as "long-term investments"

Reuters
21st Jan 2008

SINGAPORE, Jan 21 (Reuters) - Purchase of stakes by Singapore state-owned funds in Western banks such as Citigroup (C.N: Quote, Profile, Research) and UBS (UBSN.VX: Quote, Profile, Research) were "good long-term investments", the city state's finance minister said on Monday. >>>> More