Salivating profits from loans and insurance? Hw much can an individual consume? Corporate? No growth, take loans for what. Lol
Maybe such a qn shd be posed to MAS instead. On customers' part, does it mean it' s time we withdraw our funds from the bk if it' s engaged in creative accounting? A number of super global household names in the banking industry including some " too big to fail" type, already previously bailed out with tax-payer $$$, now back to struggling mode. Why? Perhaps due to excessive risk taking among other things? In comparison, our three local bks are still super resilient n raking in salivating profits other coys can only envy. True, they too may be experiencing a bumpy ride. But overall they shd emerge relatively unscathed. N part of the credit must go to MAS for the super stringent vigilance it is maintaining. I recall coming across an article in the local media last mth abt a preemptive directive from MAS, warning the bks not to engage in excessive risk taking. So, to my mind, we shd all be thankful to MAS for a job well done. Oh, n for analysts rpts ..... I think many are likely to focus on the negatives, n some of them are likely to be churned out by some of the super bks who are themselves in trouble. Do we want to absorb them all. It' s up to individuals, I suppose. But I' d take them with a full barrel of salt .....
Maybe such a qn shd be posed to MAS instead. On customers' part, does it mean it' s time we withdraw our funds from the bk if it' s engaged in creative accounting? A number of super global household names in the banking industry including some " too big to fail" type, already previously bailed out with tax-payer $$$, now back to struggling mode. Why? Perhaps due to excessive risk taking among other things? In comparison, our three local bks are still super resilient n raking in salivating profits other coys can only envy. True, they too may be experiencing a bumpy ride. But overall they shd emerge relatively unscathed. N part of the credit must go to MAS for the super stringent vigilance it is maintaining. I recall coming across an article in the local media last mth abt a preemptive directive from MAS, warning the bks not to engage in excessive risk taking. So, to my mind, we shd all be thankful to MAS for a job well done. Oh, n for analysts rpts ..... I think many are likely to focus on the negatives, n some of them are likely to be churned out by some of the super bks who are themselves in trouble. Do we want to absorb them all. It' s up to individuals, I suppose. But I' d take them with a full barrel of salt .....
Or is it better at creative accounting? Asset quality and level of NPLs? Wait for analysts to compare...
