Tag Archives: United Overseas Bank

A Forgotten Past – A Bank Run Incident in Singapore

It was early October 1974. The world economy was still suffering from the wide-spreading shocks caused by the global oil crisis that occurred a year earlier. Singapore, affected as well, posted its worst set of economic data after enjoying a double-digit … Continue reading

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Money Never Sleeps – A Brief History of Banking in Singapore

As a well-known international financial hub, there are over 100 banks in Singapore, including six local banks, 24 foreign banks, 40 wholesale banks and 42 offshore banks. Since the liberalisation of the banking sector by the Singapore government in 2001, … Continue reading

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