[Scythian]

With Global liquidity squeezed, a large numbers of foreign banks in Singapore be
vulnerably exposed.

Due to banking uncertainty, most of them will not be able to access to interbank money market funding especially in tight Asia time zone.

If the crisis persistently unabated, some banks will have to close down branches.

[red3]

What squeeze ...

[ysh02]

Only three banks in Sg... which one ?

[Scythian]

What squeeze ...

If HQ facing squeeze in US and Europe,

Majority of the foreign banks here similarly unable to borrow a single cent to cover their lending in money market books..

Over a prolonged periods, they will be forced to close and move out.

[Scythian]

Only three banks in Sg... which one ?

Just watched for a few months, and streets in Raffles Place be painted red..

[Dan]

If HQ facing squeeze in US and Europe,

Majority of the foreign banks here similarly unable to borrow a single cent to cover their lending in money market books..

Over a prolonged periods, they will be forced to close and move out.

That makes it even harder for PAP to boast

[Scythian]

That makes it even harder for PAP to boast

In time like this, fearing of more Banks collapsing soon, those banks with excess liquidity will not lend while those short unable to borrow.

Customers becoming more selective to put their money. 

News reported Bank of America recorded customers deposits increased by few hundreds billions $$$. While some other banks facing a run.