Singapore, Malaysia guarantee all deposits

Singapore and Malaysia became the latest countries to issue blanket guarantees on all deposits on Thursday.

The Monetary Authority of Singapore and the territory's finance ministry said blanket guarantees by other authorities in the region triggered its decision.

"The announcement by a few jurisdictions in the region of government guarantees for bank deposits has set off a dynamic that puts pressure on other jurisdictions to respond or else risk disadvantaging and potentially weakening their

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