DBS profit up, share price down
DBS announcing another unbelieveable achievement for the 4th quarter results. At the rate it is making profit, in no time DBS would be the biggest bank in the world and the most profitable one. 4th quarter profit up 20%, to $1b in 3 mths. Who is saying banks cannot make big profits like the casinos? And revenue hit $10b or $10.79b...
HoHo Ho: StanChart’s in a right mess
Shares in Standard Chartered plunged on Tuesday after the Asia-focused bank revealed a $1.5bn (£1.1bn) loss. http://www.bbc.com/news/business-35639284 The bank will take a $4bn charge on writing down the value of its loans, driven by falling commodity prices and deterioration of Indian markets. Shares in the bank tumbled by...
Down-climbing is much more dangerous than up-climbing Part 3
Continue from Part 2... [ LINK ] 2016 – CHALLENGING YEAR FOR CHINA & “MUDDLING THROUGH”? 2016 will be a challenging year for China – ardent China bulls agree on this forecast even as they battle to outdo each other of rationalising soapy sell of what is really a dismal outlook forward – their colliding logic...
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