Best-Ranked Bank OCBC Cautions on China Crunch: Southeast Asia
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Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender, says banks doing business in China will have to be more prudent with liquidity to weather any future crises.
The credit crunch that started in mid-June is temporary and caught some lenders by surprise, OCBC Chief Executive Officer Samuel N. Tsien, 58, said in a Bloomberg Television interview with Haslinda Amin in Singapore yesterday.