“Singapore’s success has always been built on our people: those who came earlier from distant lands; their children born here; and those who continue to join us every year from all over the world to make this their home, to become Singaporeans.”
https://t.co/5LhfxO0WY8
Banks making deposits into First Republic Bank:
$5 billion each: Bank of America, Wells Fargo, Citigroup and JPMorgan Chase
$2.5 billion each: Goldman Sachs
and Morgan Stanley
$1 billion each: Truist, PNC, U.S. Bancorp, State Street and Bank of New York Mellon.
A group of 11 lenders including JPMorgan, Bank of America, Citigroup and Wells Fargo said on Thursday they will deposit $30 billion into #FirstRepublicBank, in an effort to stabilize the battered regional bank amid financial system woes.
The failures of SVB and Signature show that the idea that consumers and small businesses should be assessing banks’ safety and soundness makes no sense today, if it ever did at all, writes Peter Weinstock in @AmerBanker@BankThink. https://t.co/FRpP78qTTY
We set our sights on further diversifying our economic structure. This will not only enhance the city's competitiveness, but is also key to creating high quality employment opportunities, Financial Secretary #PaulChan says https://t.co/TQK8MXItZQ