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Singapore's UOB suspends London property loans after Brexit

( July 1, 2016, 03:16 GMT | Insight) -- United Overseas Bank is temporarily suspending the issuance of loans for property purchases in London in the wake of the British vote to leave the EU, Bloomberg reports. Singapore's United Overseas Bank is temporarily suspending the issuance of loans for property purchases in London in the wake of the British vote to leave the EU, Bloomberg reports. A UOB spokesperson told Bloomberg they are monitoring the uncertainty caused by the vote and will assess regularly to determine when to reinstate London property loan offerings. Other Singaporean banks, DBS Group and Oversea-Chinese Banking Corp., have not followed suit but have advised their customers to exercise caution. ...

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