DBS, Standard Chartered Said to Face Chinese Currency Curbs
- DBS ban from some FX business said to be shorter than 3 months
- Standard Chartered said to have appealed to shorten hiatus
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DBS Group Holdings Ltd. and Standard Chartered Plc are among banks suspended from some foreign-exchange business in China, according to people with knowledge of the matter.
Standard Chartered has appealed to China’s central bank to shorten a ban imposed in December and running through March, said one of the people, who asked not to be identified because they’re not authorized to speak publicly. DBS’s ban is shorter than three months, another person said.