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Qanghoo Supreme	30-Jun-2019 00:08        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually, when POSB was a govt stat board, there were two things - 1) interest on deposits placed with it was tax exempt, 2) deposits placed with it were guaranteed by the govt.  Eventually, due to pressure from the commercial bks (especially dear old botak), tax exemption on POSB deposits was reduced to 1st 100k of deposits.  But that too was eventually withdrawn.  Gov guarantee on POSB deposits was also finally removed.  FATABA      ( Date: 29-Jun-2019 21:57) Posted: If I am not wrong ..no banks ganrantee on the deposit in total . Singapore banks under the MAS guildline is ganrantee up to $50K ? ( was this up to 80k recently or so ....I cant recall ) Qanghoo      ( Date: 29-Jun-2019 13:50) Posted: No.  They used to guarantee POSB deposits but gave in after botak kpkb every day
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FATABA Supreme	29-Jun-2019 21:57        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	If I am not wrong ..no banks ganrantee on the deposit in total . Singapore banks under the MAS guildline is ganrantee up to $50K ? ( was this up to 80k recently or so ....I cant recall ) Qanghoo      ( Date: 29-Jun-2019 13:50) Posted: No.  They used to guarantee POSB deposits but gave in after botak kpkb every day. investshare      ( Date: 29-Jun-2019 12:58) Posted: Bank deposit guaranteed by government
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Starship Supreme	29-Jun-2019 16:40        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Total Wipeout of all Shorts coming on Monday...............................
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Starship Supreme	29-Jun-2019 15:31        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Markets expected to chiong Monday as Trump releases good news at his Press Conference now going on Live! on TV and internet: 3:13PM ' We have agreed to allow US companies to continue selling products to Huawei' " We discussed a lot of things. We discussed Huawei. One thing I will allow is that a lot of people are surprised that we sell to Huawei a tremendous amount of products that go to various products they. " And I said that is OK. We are going to continue selling  those products. " These are American companies producing the products. This is complex ... highly scientific. We are the only one with the technology. I have agreed to allow them to continue selling the products." 3:03PM ' China will buy tremendous amount of farm products soon' Trump confirms China  is going to buy a tremendous amount of goods from the United States.  He says that the US will  give China a list of goods Washington wants Beijing to buy.  3:03PM Trump confirms won' t put new tariffs on China imports Trump confirmed that the US would not deploy new tariffs on Chinese imports " at least for the time being" while the US and China resume negotiations to end the trade war https://www.scmp.com/economy/article/3016610/donald-trump-speaks-g20-summit-after-breakthrough-meeting-xi-jinping
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Qanghoo Supreme	29-Jun-2019 13:50        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	No.  They used to guarantee POSB deposits but gave in after botak kpkb every day. investshare      ( Date: 29-Jun-2019 12:58) Posted: Bank deposit guaranteed by government? Qanghoo      ( Date: 29-Jun-2019 12:05) Posted: My bks, more consumer choice n freedom, more competition, more risk taking.  One day, new bks all up in the air then old uncles n aunties suffer greater debacle than hyflux.  How?
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investshare Supreme	29-Jun-2019 12:58        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bank deposit guaranteed by government? Qanghoo      ( Date: 29-Jun-2019 12:05) Posted: My bks, more consumer choice n freedom, more competition, more risk taking.  One day, new bks all up in the air then old uncles n aunties suffer greater debacle than hyflux.  How?
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Qanghoo Supreme	29-Jun-2019 12:05        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	My bks, more consumer choice n freedom, more competition, more risk taking.  One day, new bks all up in the air then old uncles n aunties suffer greater debacle than hyflux.  How?
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Qanghoo Supreme	29-Jun-2019 11:59        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	So, are we reinventing the wheel n why?
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investshare Supreme	29-Jun-2019 11:49        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes DBS is already digital bank.
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Starship Supreme	29-Jun-2019 11:18        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	No Bank Beats DBS when it comes to Digital................................ DBS Bank Journey to Becoming the Best Digital and Now Best Bank in the World Keynote DBS Bank was the first bank to receive Euromoney&rsquo s inaugural award &ldquo World&rsquo s Best Digital Bank&rdquo in 2016 and then again in 2018. Imagine! In six short years, DBS was transformed from the poorest performing bank in Singapore to being recognized as the best digital bank in the world. Then it won Global Finance best bank in the world award. Discover how DBS leaders achieved this phenomenal transformation through two strategies in this absorbing, informative and enlightening keynote. The keynote introduction highlights what the bank did to successfully implement its first strategy to perform at international standards and how it succeeded where other organizations failed. This set the foundation that allowed its digital strategy 2.0 &ndash make banking invisible, to be implemented. The heart of the keynote describes the DBS journey to make banking both invisible and joyful to its customers by leveraging digital. It explains how DBS created a 22,000-employee startup, transformed the core, mostly and: How DBS adopted digital from the core to transform How to transform into a digital organization in 11 steps How it made its employees technology literate How it leveraged digital technology to improve its operations How it measures its digital strategy How it created &ldquo digibank&rdquo &ndash a mobile-only bank
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Starship Supreme	29-Jun-2019 11:05        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	" Yawns" ................................ Singapore to issue up to 5 licences to digital banks in liberalisation push FRI, JUN 28, 2019 - 8:29 PM At the first stage, the digital non-wholesale bank - that is, the digital full bank - will operate as a restricted bank. This restricted digital full bank will have an initial  paid-up capital of S$15 million. Aggregate deposits will be capped at S$50 million and an individual' s deposits will be capped at S$75,000. To add, the bank can only accept deposits from a small group of persons such as business partners, staff and related parties. With that, it will have to participate in the deposit insurance scheme, which protects deposits of up to S$75,000 per depositor in the event of the bank' s failure. Such a digital bank - at its restricted stage - can only offer simple credit and investment products. It cannot offer complex investment products such as structured notes, and cannot engage in proprietary trading. It will also be restricted in banking operations in no more than two overseas markets, and must be incorporated in Singapore. Its liquidity requirement will stand at 16 per cent of minimum liquid assets. Once MAS deems that the restricted digital full bank performs to show, among other things, good quality of loans, and a well-managed business, the restricted digital full bank will be graduated to a full functioning digital bank by the regulator. No timeline has been set by MAS on this front. But at that point, a graduated bank will need to meet the minimum paid-up capital requirement of S$1.5 billion, and face the same liquidity requirements as local banks, which means a 100 per cent in net stable funding ratio, and 100 per cent in liquidity coverage ratio. The application for up to three digital wholesale bank licences for SMEs and other non-retail segments is open to all companies - both Singapore and foreign ones. For such applicants, the minimum paid-up capital is S$100 million. They cannot take Sing-dollar deposits from individuals, except for fixed deposits of at least S$250,000. But they can open and maintain business deposit accounts for SMEs and corporates.
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Starship Supreme	29-Jun-2019 10:57        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	DBS has been growing it' s Digital Bank in India............... DBS is betting big on India By refusing to ditch the physical bank branch and prioritising the improvement of its mobile offerings, DBS has fully embraced the phygital model in India. PUBLISHED: 24 JUN 19 With the goal of cashing in on the rapid economic growth and pace of wealth creation in the world&rsquo s seventh largest economy, DBS set up a wholly-owned subsidiary in India and plans to  grow its physical network  in the country to over 100 touchpoints across 25 cities over the next 12-18 months. The strengthening of the bank&rsquo s brick-and-mortar presence complements the earlier launch of its mobile-only offering, digibank, in 2016. Since its launch nearly two years ago, digibank&rsquo s Indian userbase has grown to over 2.5 million users which benefit from unsecured loans and paperless onboarding for mutual fund investments. We are bullish about India as it has been witnessing an accelerated digital transformation apart from being one of the fastest-growing markets in the world. We think that the opportunity to access the banking wallet in India is different from what it would have been five years back because of these changes. We aim to access the retail and SME segments to expand our business footprint, while leveraging digital capabilities to offer best-in-class banking experiences. We are extending our reach further to major growth centres, through a blend of physical touchpoints and strong scalable digital platforms. Our endeavour both for SMEs as well as retail customers is to provide digital platforms which meet most if not all their requirements. For retail customers, our key platform is digibank, an entire bank on the mobile which was launched as the first digital bank in the country. Through digibank, we offer a unique paperless, branchless, signatureless banking experience across savings, deposits, payments, loans, investments and insurance to our customers. The users may open an account in 90 seconds, invest in mutual funds instantly, apply for a personal loan in 5 taps, and get a health insurance cover immediately, and with no health checkup required. https://asianbankingandfinance.net/retail-banking/exclusive/dbs-betting-big-india
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Qanghoo Supreme	29-Jun-2019 10:39        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	No need watch lah.  Tmr probably knee-jerk reaction all three local bks kena heavily shorted liao.  DYODD though.  For me one key qn though - how many will move their savings from the three rock solid bks (most notably DBS, including POSB) to an online bk, especially if it has no track record.  With the benefit of hindsight of recent hard times, even coys like Hyflux are now on end-stage life support.  Sin_Cos_Tan      ( Date: 29-Jun-2019 09:17) Posted: Singapore to issue up to 5 licences to digital banks in liberalisation push http://www.businesstimes.com.sg/banking-finance/singapore-to-issue-up-to-5-licences-to-virtual-banks-in-liberalisation-push Singapore - a heavily banked country - has already seen several of the traditional banks here investing heavily in digital capabilities in recent times. The local banks are also fairly well-entrenched, with Singapore' s top three banks estimated to hold a combined market share of just over 50 per cent. The market will watch if virtual banks - with their nimbleness but a much smaller asset base - will be able to wrest market share from the big guns here.
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Sin_Cos_Tan Veteran	29-Jun-2019 09:17        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore to issue up to 5 licences to digital banks in liberalisation push http://www.businesstimes.com.sg/banking-finance/singapore-to-issue-up-to-5-licences-to-virtual-banks-in-liberalisation-push Singapore - a heavily banked country - has already seen several of the traditional banks here investing heavily in digital capabilities in recent times. The local banks are also fairly well-entrenched, with Singapore' s top three banks estimated to hold a combined market share of just over 50 per cent. The market will watch if virtual banks - with their nimbleness but a much smaller asset base - will be able to wrest market share from the big guns here.
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investshare Supreme	29-Jun-2019 09:06        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	What?s the impact of new digital banks?
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Starship Supreme	28-Jun-2019 14:21        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Totally Wipeout the evil shorts.............................
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Sin_Cos_Tan Veteran	28-Jun-2019 09:52        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Asia stocks edge down with G-20 summit set to kick off in Japan Asian Indexes   Index Country Change % Change Level Last Update   Australia ASX All Ordinaries Australia -11.20 -0.17% 6,731.80 9:27pm ET   Shanghai SE Composite Index China -15.24 -0.51% 2,981.55 9:32pm ET   Hang Seng Hong Kong -130.36 -0.46% 28,491.06 9:32pm ET   Mumbai Sensex India -5.67 -0.01% 39,586.41 8:23am ET   Nikkei 225 Japan -85.45 -0.40% 21,252.72 9:27pm ET   Taiwan TSEC 50 Index Taiwan -13.42 -0.12% 10,760.48 9:27pm ET lift up the thread...
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SgYuan Supreme	26-Jun-2019 09:16        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	w5 end at 2598 wabc?2556 - wc hit 2554 - wait for next formation prev w4 2456 mean there is a chance to go near there also this wabc could be just wa SgYuan      ( Date: 22-Jun-2019 09:19) Posted: wb break up 2499 and break the formation - prev ew end at 2446 - my prev ew miss one count w0 2401 w1 2448 w2 2409 w3 2478 w4 2456 w5 2499 wabc 2446 w1 47 w3 69 up 147% - didnt chose this because <161.8% w4 22 dn 32% w5 43 up 91% wabc near w4 2456 end 2446 cur ew w0 2446 w1 2492 w2 2453 w3 2560 w4 2535 w5? w1 46 w2 39 dn 85% w3 107 up 233% w4 25 dn 23% w5 95 tgt 2630 up 61.8% of 153 - px hit 2598 - 2562 - 2592 1. w5 end at 2598 wabc wa 2598 2562 delta 36 wb 2562 ?2592 - if break w5 mean wabc break w5 not end wc 2592 ?2556 2. w5 abc up formation - w5 tgt 2630 not end yet or - above wb break up w5 abc up 2535 wa 2598 wb 2562 wc wa 63 wb 36 dn 57% wc 63 up tgt 2625 up 100% of wa 1. tgt 2556 2. tgt 2625 gigi888      ( Date: 22-Jun-2019 08:20) Posted: Hi yuan, Please help update DBS THANKS
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Sin_Cos_Tan Veteran	26-Jun-2019 08:52        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Asia stocks slip as Fed' s Powell tempers rate cut expectations http://www.cnbc.com/2019/06/26/asia-markets-the-fed-us-china-trade-currencies-in-focus.html KEY POINTS Stocks in Japan, South Korea and Australia slipped.  Federal Reserve Chairman Jerome Powell said the U.S. central bank is assessing whether current economic uncertainties call for lower rates, but noted the Fed will take a wait-and-see approach given how rapid recent economic changes have been. Dow drops more than 150 points in worst day of June after Fed officials curb rate-cut enthusiasm
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Sin_Cos_Tan Veteran	26-Jun-2019 08:43        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Trump and Xi meet Saturday -- If it goes poorly, the global economy could teeter into recession http://www.cnbc.com/2019/06/25/trump-xi-trade-tariffs-still-seen-hurting-economy-even-after-g-20.html KEY POINTS The outcome of the G-20 meeting between U.S. President Donald Trump and China President Xi Jinping could be a watershed moment that could impact the course of markets and the global economy for the second half of the year. The G-20 summit in Osaka could end in a ' feel good' moment for markets, but the thorny issues in U.S.- Chinese trade talks are unlikely to be resolved and tariffs are expected to continue. The meeting between President Trump and President Xi Saturday could lead to improved negotiations but the drag on the economy from tariffs and weakened sentiment is expected to continue until there is a real deal. One economist said if the talks fail and the trade war escalates, the world is at risk of a recession.
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