UOB    Last:34.42    -1.31

Bank Woes far from over

We will see d impact for d 3 local bks when they announce their respective 1Q result in Mid Apr onwards.

D 3 local bks XD for their div are coinside ard d announcement period. If one only thinking of d div payout, then ought to monitor d trend of d px, n subsequently gauge whether is it still very beneficial till div payout.

tanglinboy      ( Date: 11-Mar-2009 09:39) Posted: Western people have a bad habit of living on credit - using future money to pay for the present. This will only work when the future is rosy. But when the bubble burst, all these people will be jia lat. And the banks that have pushed credit cards agressively will also suffer.

 

Western people have a bad habit of living on credit - using future money to pay for the present. This will only work when the future is rosy.

But when the bubble burst, all these people will be jia lat. And the banks that have pushed credit cards agressively will also suffer. 

 

to be expected, next wave of bad news comin' for banks, doubt our local banks will be spared, worse if they have exposure to China, the regions and smes....

Banks' Future Woes in One Word: Plastic

Major banks have been hit hard by bad mortgages. Now, fears are growing that troubled financial institutions are going to have another consumer headache to deal with: credit card defaults.

There have been no shortage of warnings about the business as the economy continues to sputter.....