With Global liquidity squeezed, a large numbers of foreign banks in SG exposed.
#6

(16-03-2023, 12:10 AM)Scythian Wrote:  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
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