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Never mind the fancy theories about how JP Morgan’s CIO value-at-risk models failed to take into account Bruno Iksil’s massive tail risk on synthetic derivatives. Ignore the press releases about how ‘self-inflicte d stupidity’ resulted in this shocking loss. The only … Continue reading →
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It’s obvious the writers at BT did not get the memo on gold buy-back investment schemes. But, in case anyone out there actually wants to know HOW gold buy-back schemes work, the following articles spell out the equation. And if … Continue reading →
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Really, you can’t make this stuff up. There has been a steady news stream about Wenzhou businessmen who – not being able to get funding from banks thanks to recent clampdowns by the government – borrowed to the hilt from … Continue reading →
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When the fate of the entire Eurozone (and of the world economy itself) hangs on the outcome of a vote of a minnow like Slovakia (which produces less than half of Singapore’s GDP), you just know that micro is so … Continue reading →
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Guess which bank is forecasting 22-26% declines in property prices? Instituted downgrades for Keppel Land and Capitaland? Predicting a 34% drop in stock market prices? Why it's none other than CIMB, that paragon of Malaysian banking that - prior to Najib's ascension to the PM-hood was hardly on anyone's radar - has now issued a highly social-media friendly press statement …
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Since there's been so much fuss the #OWS movement in various cities across the US, we thought it might be timely to remind our readers about whether we ought to be filling our kids' heads with aspirational stories of how bankers helped cure cancer, or saved babies from burning buildings (in the hopes that our kids will become IBs and be our meal ticket for the rest of our …
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Apologies to PP watchers that this is really ancient news, but for the sake of completeness, CAD says it needs more time to figure just WTF is going on at PP, with the judge pushing the next hearing to Nov … Continue reading →
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Despite numerous cooling measures from the gahmen (we’ve lost count), we’re still seeing prices of mass-market condos (defined by those in OCR locations, normally built next to huge longkangs that are quaintly portrayed by developers as “riverfront 221; property) climb, averaging … Continue reading →
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On the one hand, you have a country that is going through a full blown depression right now, mainly because of falling global demand for just about anything produced by Greece, the result of an economic crisis that still hasn’t … Continue reading →
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A bit more chatter about the vaults that are bulging with gold stored by anxious UHNWIs desperate to keep their holdings away from the grubby and grasping hands of their respective jurisdictional governments (i.e. the US and possibly China and/or … Continue reading →
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Lest anyone accuse us of presenting a totally biased and one-sided view of how S-crooks rip off Singaporeans, here’s the flip side: where a Singaporean shows a high degree of skill in riding the S-crud gravy train as well. Mr … Continue reading →
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No one following the blatherings of our insipid little blog of the last couple of years will be the least bit surprised by the latest statement from an ex-IRS Repo man, who states what every private banking RM has known … Continue reading →
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It’s hard not to admire the effectiveness of the management at Sino Techfibre in dealing with “regulatory 221; reporting requirements by SGX. Nothing beats the cleansing power of a good old fashioned office fire: best of all, it’s covered by insurance … Continue reading →
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For your dose of Monday Funnies, please refer to article below. Apparently, much ink has been spilt about how S-chips are now “racing against time” to comply with SGX’s 31 May deadline to give them (and by the term ‘them’ … Continue reading →
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From the files of the totally unsurprising news folder, Ernst and Young announced that accounting discrepancies have been found in mainboard-listed Sino Techfibre, once promised as a “a pure-play on China’s fast growing synthetic leather industry“, but which has now … Continue reading →
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Only comment needed for this statement from Mr Magnus Bocker, CEO of SGX. Your PR team are REALLY going to work for its money today. From BT ‘It’s like asking: will you stop be …
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Sigh. From the same communications school which brought you “Bocker-states -merger-between-SGX- and-ASX-good-for-Sin gapore-and-Australia -nothing-to-do-with- my-paycheck”, we …
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There’s no conflict – repeat – no conflict of interest at ALL, between having the same person playing both the role of salesperson as well as regulator to these golden Chinese turds that almost inevitably exude the stench of “profit … Continue reading →
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So the scam continues. Now that China Gaoxian is the latest S-chip to magically convert Singaporean investor money into bought-in-China Ferr aris, everyone is jumping on the “legal r …
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So we’re supposed to be sad that a potential US $500 million IPO has left Singapore shores and gone on to the HKG market? Good riddance, we say. Lest we forget, this is the same company that was proven to … Continue reading →
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