• 11/25/2024

Singapore banks are so flush with cash that they’re struggling to work out what to do with it

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

The liquidity surplus underscores how Singapore has been a beneficiary of Asia’s wealthy shifting their money to a perceived safe haven, even as customers flock to lock in high interest rates on fixed deposits.

https://www.scmp.com/news/asia/southeast-asia/article/3223205/singapore-banks-are-so-flush-cash-theyre-struggling-work-out-what-do-it?utm_source=rss_feed