Comments on: Singapore Government to Guarantee all Deposits https://www.martinlee.sg/singapore-government-to-guarantee-all-deposits/ Financial Literacy and News Fri, 29 Mar 2024 10:40:37 +0000 hourly 1 By: lioninvestor https://www.martinlee.sg/singapore-government-to-guarantee-all-deposits/comment-page-1/#comment-3524 Sat, 18 Oct 2008 04:51:19 +0000 http://www.martinlee.sg/?p=636#comment-3524 Hi Lyn,

The $150 billion is enough to take the failure of any one financial institution.

The $700 billion is the total amount of deposits from ALL the FI.

]]> By: Lyn https://www.martinlee.sg/singapore-government-to-guarantee-all-deposits/comment-page-1/#comment-3522 Sat, 18 Oct 2008 04:25:18 +0000 http://www.martinlee.sg/?p=636#comment-3522 Hi Lion Investor,
I’m a little confused when it says up to $150 bio and our deposits is currently at $700 bio, so does that mean not all deposits will be fully guranteed.
But then I read it says every cents guaranteed? So what is the 150 bio vs the 700 bio comparison

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