DBS    Last:42.3   -

DBS is now Singapore's smallest bank

It is beginning and not the end.....again sacrificing lambs for fat cows and for their MISTAKE, MIS-JUDGEMENT, so call long term, so call 1st class, so call must work together, so call must sacrifice, if not this will happen, that will happen....WHAT is this.???. fat cow can make many million and sleeping on d job, their RESUME is too super to be put into cold storage, there are also as old as those effect by retrenchment, they are also need to be on the same boat..fact of life, truth fact, it hurt and that can neber happen...fact of life, not is fair even down to d lowest source of life. 

wb1931      ( Date: 24-Oct-2008 00:31) Posted: DBS's risk include high foreign holdings (which have been selling for the past few days now) as well as high regional exposure. Recent actions in India suggest that the bank is aware of the risks and is taking measures to reduce additional losses. It is not advisable to buy based on 3Q results as it is historical (without recessionary environment) and any rebound is at most technical, temporary and unsustainable. As Singapore market tends to track global market, it would be best to wait until signs of recovery earliest late 2009. While there will be premium to pay for the share, at least the downside risk is limited.

 

Well, most coy end FY08 results are expected to be bad. Now, couples with need to

write down big amount for retrenchment compensation. No perk liao.

However, for those who hv booked tour pakages, go ahead with the tour loh.

Dun cancell them, let your families happy first lah. Cheers.

teeth53      ( Date: 14-Nov-2008 09:34) Posted: UOB and OCBC maybe....starting with NO BONUS this year and pay cut for those Biggies..err i have my tot say ...NO WAY memmm....ahh humm.....ouch :.: it hurt telling d truth nickyng      ( Date: 14-Nov-2008 09:27) Posted: ohh...har? no awarea...anyway...i heard CITIBANK also started their staff retrenchment..even in SG i think...heard from one of my fren who has fren working there :P

 

UOB and OCBC maybe....starting with NO BONUS this year and pay cut for those Biggies..err i have my tot say ...NO WAY memmm....ahh humm.....ouch :.: it hurt telling d truth

nickyng      ( Date: 14-Nov-2008 09:27) Posted: ohh...har? no awarea...anyway...i heard CITIBANK also started their staff retrenchment..even in SG i think...heard from one of my fren who has fren working there :P knightbridge      ( Date: 12-Nov-2008 18:12) Posted: Nicky i think so Citi-USA CEO is Vikram Pandit. Not Ang Moh..

 

ok...more gossip news here :

 

http://retrenchment-in-singapore.blogspot.com/2008/11/axe-starts-to-fall-first-of-hundreds.html

 

 

 

ohh...har? no awarea...anyway...i heard CITIBANK also started their staff retrenchment..even in SG i think...heard from one of my fren who has fren working there :P

knightbridge      ( Date: 12-Nov-2008 18:12) Posted: Nicky i think so Citi-USA CEO is Vikram Pandit. Not Ang Moh..

 

It is sacrificing our lamb to make those cows fat, even if whole board is step down, biggies will sit in SIA, Singtel, POSB or even in OCBC, SPH and or even bigger board, truth fact of life, it hurt some and neber hurt those....fact of life.

will DBS be sacrifice and intergate into POSB and or OCBC or both...?, and move dir on board to another board..boring tot and for all their so call vision of 1st class citizen and making those mistake after mistake, after mistake for selling all kind of Angmo products to our own....

He who made those decision must answer to the board and the board must asnwer for themself...tell U what...(no answer will be un-answer, angmo will say ans is long term, he'll take those sheet, not those above...Ya)

Answer is DBS must go on, move on to even become another biggies, if not the biggest, so renkon POSB will be sacrifice and sold or intergate and come the next wave of retrenching and DIR will move to another board.....::(( very sad sense of been a Singaporean

teeth53      ( Date: 14-Nov-2008 09:01) Posted: DBS biggies RETRENCHED started with managing director and senior (old) staffs. How about retrenching themself (from above those managing director) after they retrenched those..... and either POSB and or OCBC takeover DBS and send those biggies RESUME back into cold storage, starting from the highest board of DIR.....after all Sing oni need two big bank and not three loushare      ( Date: 23-Oct-2008 20:39) Posted: In 1997, was POSB pumped into DBS to cover their loss in Indonesia ? This time may be they have to sell off POSB to cover some losses. If their balance is worst than in 1997, 10 yrs down the road got no future. No thanks for their lousy service and over-aggressive investment.

 

DBS biggies RETRENCHED started with managing director and senior (old) staffs.

How about retrenching themself (from above those managing director) after they retrenched those.....

and either POSB and or OCBC takeover DBS and send those biggies RESUME back into cold storage, starting from the highest board of DIR.....after all Sing oni need two big bank and not three

loushare      ( Date: 23-Oct-2008 20:39) Posted: In 1997, was POSB pumped into DBS to cover their loss in Indonesia ? This time may be they have to sell off POSB to cover some losses. If their balance is worst than in 1997, 10 yrs down the road got no future. No thanks for their lousy service and over-aggressive investment.

 

If AK not mistaken, now he is working with uncle Rachard Hu, in Cap Land, as CEO.

Updates: its 3 qtr earnings fell sharply by 43.3% in line with lower sales, which was mainly

attributed to lower residential sales but partially offset by higher fee income and rental income.

D increase in finance cost n reduction in share of profits fr assocs n jointly controlled

entities significantly impacted the results further. Co expected to be profitable for FY08.

However, with gov frozen sales of state land for ppty lately, that will generally hinder

ALL ppty arms prospect in time to come.

teeth53      ( Date: 12-Nov-2008 20:51) Posted: isit now in Mediacorp...?. AK_Francis      ( Date: 24-Oct-2008 16:51) Posted: Ha ha former CEO now say heng ah, left the place early. Dun know those got involved FM will kena or not.

 

Ask OUB former bank chief to come back and nurse back DBS health, only if those biggies on baord agree 1st GIC and temesack agree.....lohh.

nickyng      ( Date: 12-Nov-2008 15:12) Posted: agreed. Well do these refer to all our LOCAL banks as well ?? hee...i think CITIBANK compare to all our LOCAL bank are more "kind" :P angmo bank run by angmo=Good ? ....local bank run by angmo=Bad ?   :D

 

isit now in Mediacorp...?.

AK_Francis      ( Date: 24-Oct-2008 16:51) Posted: Ha ha former CEO now say heng ah, left the place early. Dun know those got involved FM will kena or not. cathylmg      ( Date: 24-Oct-2008 16:47) Posted: DBS is the most hit by Lehman the saga. So I would expect it's share price to plunge more then the other banks by percentage.

 

Nicky i think so Citi-USA CEO is Vikram Pandit. Not Ang Moh..

 

safe to buy ?

 

wah..citi is headed by an INDIAN ? wah...sure or not? i mean at CITI-USA leh...not CITI-SG hor...becos CITI-SG still take command from CITI-USA mah :D

knightbridge      ( Date: 12-Nov-2008 15:47) Posted: Citibank is run by indian at the top not alot of ang moh. You heard the conference made in New york , the indian accent english is strong man. Local bank things of ways to charges fee by learning from overseas bank (not very creative). But they forget the giving part. Like free token sum of $50-%150 for student who start the first banking relationship with the bank. Waiver of cheque book fees and etc ... Long term customer loyalty local banks dun need i guess, as they are focus on venture aboard (grass greener perhaps) That why citibank and maybank can be successful in building up reputation in the spore banking scene in a short time nickyng      ( Date: 12-Nov-2008 15:12) Posted: agreed. Well do these refer to all our LOCAL banks as well ?? hee...i think CITIBANK compare to all our LOCAL bank are more "kind" :P angmo bank run by angmo=Good ? ....local bank run by angmo=Bad ?   :D

 

Citibank is run by indian at the top not alot of ang moh. You heard the conference made in New york , the indian accent english is strong man. Local bank things of ways to charges fee by learning from overseas bank (not very creative). But they forget the giving part. Like free token sum of $50-%150 for student who start the first banking relationship with the bank. Waiver of cheque book fees and etc ... Long term customer loyalty local banks dun need i guess, as they are focus on venture aboard (grass greener perhaps) That why citibank and maybank can be successful in building up reputation in the spore banking scene in a short time

nickyng      ( Date: 12-Nov-2008 15:12) Posted: agreed. Well do these refer to all our LOCAL banks as well ?? hee...i think CITIBANK compare to all our LOCAL bank are more "kind" :P angmo bank run by angmo=Good ? ....local bank run by angmo=Bad ?   :D

 

Well, i guess times are really bad before more money making measures will be introduce by the local banks....stay tune.

 

agreed. Well do these refer to all our LOCAL banks as well ?? hee...i think CITIBANK compare to all our LOCAL bank are more "kind" :P

angmo bank run by angmo=Good ?


....local bank run by angmo=Bad ?


 

:D

 

Never like this company. Always thinking of ways to suck from little common people.

Started $2 servce charge on minimum deposit on saving ( i dunno if they are the first to start)

Started collect fees from issuing cheque ( i dunno if they are first to start)

Introducing credit deriviative products to retiree  ( i dunno if they are first to start)

What next? maybe

Charging fees from approving bank loan maybe, like u dun a degree so borrowing risk is higher so need to pay the fees of $1000 as admin risk.

Bank passbook renew, maybe need fees $10 (We need money to print pass book)

Pass some cost to vendor of Visa machine, if u dun hit 100k sales/mth on visa addition $1000 per annum

We buit server for u to do online bank. (so i think it is fair that we charge alittle more for your convient add $2/mth for online acc)

Ask for a business of 1m to expanded business in crisis, they give u 10k limit for a new credit line. (Add insult to your misery)

 

wah!! got whacked badlly today siah...10.66 ?!?! hee.... :D

 

WOW, long time never see sub 10 lor....9.99

 

Ha ha former CEO now say heng ah, left the place early.

Dun know those got involved FM will kena or not.

cathylmg      ( Date: 24-Oct-2008 16:47) Posted: DBS is the most hit by Lehman the saga. So I would expect it's share price to plunge more then the other banks by percentage.