Singapore's DBS says Fannie, Freddie exposure immaterial

martedì 15 luglio 2008 10:55

SINGAPORE, July 15 (Reuters) - DBS Group Holdings (DBSM.SI: Quotazione), Southeast Asia's biggest bank by assets, said on Tuesday its exposure to equity or debt in U.S. mortgage firms Fannie Mae FNM.N and Freddie Mac FRE.N was immaterial.

"Our exposure to Fannie Mae and Freddie Mac overall is not material," said a bank spokeswoman. (Reporting by Saeed Azhar; Editing by Jan Dahinten)