Singapore Makes Its Largest Bank Take a Technology Timeout
(www.wsj.com)
from YoBuckStopsHere@lemmy.world to world@lemmy.world on 01 Nov 2023 12:22
https://lemmy.world/post/7634837
from YoBuckStopsHere@lemmy.world to world@lemmy.world on 01 Nov 2023 12:22
https://lemmy.world/post/7634837
#world
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Here’s the official notice from the Monetary Authority of Singapore.
mas.gov.sg/…/mas-imposes-six-month-pause-on-dbs
This is a humiliating order - I’ve never seen anything like this in 20+ years in Singapore.