DBS Chief Gupta Defends Decision to Extend Lifeline to SwiberBy and
Oil-services company “imploded” in six weeks, DBS CEO says
Gupta says he personally checked on Swiber’s financial health
DBS Group Holdings Ltd.’s top executive defended his bank’s decision to throw Swiber Holdings Ltd. a S$197 million ($146 million) lifeline, indicating the lender was caught off guard by the speed at which the energy-services company collapsed in recent weeks.
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