SAFE HAVEN: So much cash has been deposited in Singapore that DBS lent MAS $30 billion

SINGAPORE: Despite the uncertainties felt all around the globe, Singapore is perceived to be so much of a safe haven that banks have had an influx of deposits and not enough choices as to where they can be deployed, with the lending environment remaining “tepid.” In May, Mr Piyush Gupta, the CEO of DBS Group Holdings … Continue reading SAFE HAVEN: So much cash has been deposited in Singapore that DBS lent MAS $30 billion