TR EMERITUS

Due to the bright idea of some clown of a minister who believes that local banks have to merge and globalized to survive, DBS Bank took over control of POSB Bank in the late 1998. As one opposition leader put it, it was the mother of all bank ‘mergers’. So what was the result of this merger to POSB depositors? To rationalized... 

I think the MIW must be having election nightmares of desperation. Economy recovery? I think they are desperate for the status quo of benign stability to hold between now and September. Europe is still wobbly. The financial rescue of Greece merely stalled a sudden collapse right on its edge. Anyone read a Spanish bank collapse... 

A monkey throwing darts at the share pages of the Financial Times could have made bucket loads of cash over the last year. But Singapore's super-smart sovereign wealth funds, which lost billions of dollars by investing in Western banks at the height of the bubble, seem to be having renewed difficulties even while every other...