BANGKOK -- A key Singaporean bank is cutting off counterparts in Myanmar, ending correspondent bank relationships in a move that could significantly restrict the military regime's access to the global financial system.
Clampdown seen as response to U.S. pressure, reputational risks

Singapore's United Overseas Bank is clamping down on business with Myanmar, a move one Yangon-based foreign financial sector expert said could have a "huge" impact. (Source photos by AP and Reuters)
BANGKOK -- A key Singaporean bank is cutting off counterparts in Myanmar, ending correspondent bank relationships in a move that could significantly restrict the military regime's access to the global financial system.