You buy insurance for the guarantee of your financial future. But what if the insurance company goes bankrupt? The collapse of Lehman Brothers and near bankrupt of AIG during
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MAS proposes Deposit Insurance Scheme enhancement
To calm the panic spread that many banks might collapse, the MAS had issued an emergency guarantee blanket on all deposits here when the global financial crisis erupted
MAS may secure deposits
THE Monetary Authority of Singapore (MAS) said last night that it will ensure local banks are ‘not disadvantaged’, adding that it is studying measures other countries have taken
What is Deposit Insurance Scheme and how it can help you
You must have read the liquidity problems of America’s two troubled mortgage finance giants, Freddie Mac and Fannie Mae. Have you wondered, If your Singapore bank is liquidated,
New initiative to ensure speedy insurance payouts to depositors
By Imelda Saad, Channel NewsAsia |Â Posted: 29 May 2008 1850 hrs SINGAPORE: Banks and financial institutions here are gearing up to ensure speedy insurance payouts to depositors