Singapore Inc.’s Bank Bet Losses Pile Up on UBS Trading

Singapore Inc.’s Bank Bet Losses Pile Up on UBS Trading

Charles Pertwee/Bloomberg News

The Singaporean national flag stands against the commercial buildings in the financial district of Singapore. Government of Singapore Investment Corp, which manages more than $100 billion of the city-state’s reserves, owned about 6.4 percent of UBS as of Dec. 31.