Are Singapore banks bracing for another O&G nightmare amidst Coastal Oil troubles?

Submitted By:  Sandra Sendingan Case Study:  No The indebted crude oil supplier owes the three Singapore banks a combined US$172.1m. The liquidation process undertaken by crude oil supplier Coastal Oil Singapore is unlikely to result in the previous oil and gas (O&G) downturn that pushed up the banking sector’s bad debt and credit costs although lenders are likely to take a one-off hit, according to CIMB. read more