Banks Are Still Temasek Target

Summary


TEMASEK, the Singapore state investment company, is still looking to invest in banks despite taking hefty losses on stakes in Barclays and Bank of America this year.

Profit for the year to March fell 66% to S$6.2 billion (Pounds 2.7 billion), the annual report reveals.

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Extract


Banks Are Still Temasek Target

It sold a near 4% s...

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