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- Should Singapore Banks Be Wary? Trust Bank Attracts Over S$1 Billion in Deposits5 Sep 2023—yahoo.comSingapore banks DBS Group (SGX: D05), United Overseas Bank (SGX: U11) or UOB, and OCBC Ltd (SGX: O39) are widely known to many Singaporeans. Together, their latest reported deposit base of over S$1.27 trillion constitutes the majority of total deposits in Singapore. Recently, a new contender has announced its intention to challenge the trio. Trust Bank, or Trust for short, is a 60%/40% partnership between Standard Chartered (LSE: STAN) and FairPrice Group. Trust was launched as a Singapore...