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DBS (Development Bank of Singapore)
13-09-2016, 08:52 AM.
Post: #171
RE: DBS (Development Bank of Singapore)
(12-09-2016, 10:38 PM)ValueMushroom Wrote: Seems more and more people are getting fearful and paranoid.

Would DBS collapse this time round? Or would it be like past crisis that DBS managed to survive and thrive?

Which company is deemed more likely to survive than DBS if there is an O&G crisis?

Is holding cash the way to go? If DBS collapse, would holding cash in Singapore dollars be equally dangerous? Which currency then should we hold?

Many questions to answer...

DBS earning per Q is 1B. The worst no earn money in a quarter. Is still quite unimaginable it near a hint of collapse. A very profitable business in the middle of OG crisis.
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13-09-2016, 10:09 PM.
Post: #172
RE: DBS (Development Bank of Singapore)
(12-09-2016, 10:38 PM)ValueMushroom Wrote: Seems more and more people are getting fearful and paranoid.

Would DBS collapse this time round? Or would it be like past crisis that DBS managed to survive and thrive?

Which company is deemed more likely to survive than DBS if there is an O&G crisis?

Is holding cash the way to go? If DBS collapse, would holding cash in Singapore dollars be equally dangerous? Which currency then should we hold?

Many questions to answer...

I hope it is not 1 VB's forgetfulness that allowed you to make this conclusion. There's isn't even a faint scent of fear of DBS going down under, IMO.

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13-09-2016, 10:21 PM. (This post was last modified: 13-09-2016, 10:23 PM by brattzz.)
Post: #173
RE: DBS (Development Bank of Singapore)
err.. 1B to DBS is like.... misplaced 50cts coins... Tongue

"Offshore services firm Swiber Holding's financial implosion was so rapid and sudden its biggest lender DBS Bank was caught off guard, DBS Group Holdings chief executive Piyush Gupta said yesterday. - See more at: http://business.asiaone.com/news/dbs-cau...GNDkt.dpuf"

if swiber can bring down DBS, it will be a record breaker!! Big Grin Big Grin Big Grin
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14-09-2016, 08:50 PM. (This post was last modified: 14-09-2016, 08:52 PM by Temperament.)
Post: #174
RE: DBS (Development Bank of Singapore)
(13-09-2016, 10:21 PM)brattzz Wrote: err.. 1B to DBS is like.... misplaced 50cts coins... Tongue

"Offshore services firm Swiber Holding's financial implosion was so rapid and sudden its biggest lender DBS Bank was caught off guard, DBS Group Holdings chief executive Piyush Gupta said yesterday. - See more at: http://business.asiaone.com/news/dbs-cau...GNDkt.dpuf"

if swiber can bring down DBS, it will be a record breaker!! Big Grin Big Grin Big Grin
People like another Nick Leeson may be can.
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14-09-2016, 10:40 PM.
Post: #175
RE: DBS (Development Bank of Singapore)
(14-09-2016, 08:50 PM)Temperament Wrote:
(13-09-2016, 10:21 PM)brattzz Wrote: err.. 1B to DBS is like.... misplaced 50cts coins... Tongue

"Offshore services firm Swiber Holding's financial implosion was so rapid and sudden its biggest lender DBS Bank was caught off guard, DBS Group Holdings chief executive Piyush Gupta said yesterday. - See more at: http://business.asiaone.com/news/dbs-cau...GNDkt.dpuf"

if swiber can bring down DBS, it will be a record breaker!! Big Grin Big Grin Big Grin
People like another Nick Leeson may be can.

IIRC haha that was a couple years before the AFC? He was the one run road and cause Barings bank to go kaput...

The banks should be more controlling of their traders after that incident. lol
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15-09-2016, 12:45 PM.
Post: #176
RE: DBS (Development Bank of Singapore)
I also dont think DBS will go under because of the current O&G crisis. I'm onto accumulating more DBS shares and any negative news is good opportunity to do so.

(vested, looking for more)

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18-10-2016, 10:07 AM.
Post: #177
RE: DBS (Development Bank of Singapore)
The hiring, is not due to its resilience, but heightening costs, due to compliance (due to more regulation), and IT (due to competition from FinTech). I saw it more negative than the headline, amid slowing economy Big Grin

Singapore banks still hiring despite slowing economy
18 Oct 2016 09:00
By Siow Li Sen

WHILE global banks are slashing Asia positions - especially in investment banking - banks operating in Singapore have thousands of vacancies, mainly in compliance and information technology.

Several banks told The Business Times that while recruitment may not be as hot as last year, they are still looking for hundreds of new employees.

DBS, South-east Asia's largest bank, and Citi, the largest foreign bank employer in Singapore, have about 600 vacancies each.
...
Source: Business Times
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18-10-2016, 12:21 PM.
Post: #178
RE: DBS (Development Bank of Singapore)
Expanding headcount seems an easy thing to do. But this will hit right into their cost structure deeply.
It will be more meaningful if they could adjust their Org structure and Priorities at this poorer time.
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19-10-2016, 01:56 PM.
Post: #179
RE: DBS (Development Bank of Singapore)
When talking about the cost structure, here's a Food for thought... ...1/10 of the CEO's annual pay costs about 10-20 normal employees.

How do we reconcile talent, financial results and shareholder's interest?

Still pondering...


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31-10-2016, 12:33 PM.
Post: #180
RE: DBS (Development Bank of Singapore)
DBS Bank Ltd  to acquire the wealth management and retail banking business of the ANZ in Singapore, Hong Kong, China, Taiwan and Indonesia.

Subject to obtaining regulatory approvals, the transaction is anticipated to be completed progressively from the second quarter of 2017 onwards, and the target is for full completion in all five markets by early 2018.

The portfolio of businesses being acquired is in Singapore, Hong Kong, China, Taiwan and Indonesia, representing total deposits of SGD 17 billion, loans of SGD 11 billion, investment AUM of SGD 6.5 billion and total revenue of SGD 825 million for FY2016. They serve about 1.3 million customers, of which over 100,000 are affluent/ private wealth customers and 1.2 million are retail customers.

The purchase consideration is approximately SGD 110 million1 above book value.

More details in http://infopub.sgx.com/Apps?A=COW_CorpAn...nsight.net
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