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OCBC Bank
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OCBC
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chartistkao1
Supreme |
27-Oct-2023 14:17
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money laudering and fraud head https://www.theguardian.com/business/2023/oct/26/sam-bankman-fried-testify-trial-ftx
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chartistkao1
Supreme |
27-Oct-2023 14:04
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what will the israel and hamas conflict had on standard chartered bank plc https://www.euromoney.com/article/2b4jjswhybzye5nobnwn4/opinion/stanchart-back-in-play-as-abu-dhabi-bid-revealed
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chartistkao1
Supreme |
27-Oct-2023 13:45
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if global credit comes to a sudden halt again
the takeover possibility is very high even
Will Standard Chartered be taken over?
 
 
The bank itself, however, has sought to distance itself from any takeover rumours. Speaking at Davos a few weeks ago, CEO Bill Winters said the bank was not interested in a deal. &ldquo This is not something we' ve either engaged with or been interested in,&rdquo he said.15 Feb 2023
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chartistkao1
Supreme |
27-Oct-2023 13:37
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Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T& Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/153c1cfc-1b3a-11e9-b93e-f4351a53f1c3 Temasek steps up pressure over Standard Chartered turnround Singaporean group asks for more frequent briefings from emerging markets lender Temasek steps up pressure over Standard Chartered turnround on x (opens in a new window) Temasek steps up pressure over Standard Chartered turnround on facebook (opens in a new window) Temasek steps up pressure over Standard Chartered turnround on linkedin (opens in a new window) current progress 99% Stephen Morris and David Crow in London and Stefania Palma in Singapore January 21 2019 38 Print this page Standard Chartered&rsquo s largest investor Temasek has grown frustrated with the slow pace of chief executive Bill Winters&rsquo turnround and is stepping up pressure on the UK-listed bank ahead of his pivotal strategy update in February. The Singapore state-backed investment company, which owns about 16 per cent of the emerging markets lender, has asked for more frequent and detailed briefings from top executives and even floated the prospect of taking a board seat in a meeting last year, said two people with knowledge of the discussion. That would be an unusual step for the $300bn group, which rarely takes non-executive positions or gets involved in the day-to-day operations of its portfolio companies, indicating the level of their concern, the people said. The bank&rsquo s share price has fallen almost 40 per cent since Mr Winters took over in June 2015 &mdash deeply underperforming most rivals &mdash and trades at about £ 6 today compared with a price of £ 15.24 when Temasek first bought in during 2006. That leaves the Singapore fund sitting on billions of pounds in paper losses. The StanChart investment is overseen by Temasek president Gregory Curl and head of financial institutions Png Chin Yee. Both still support Mr Winters and are not actively demanding a board seat, but if revenue and profitability do not improve this could change, the people said. StanChart&rsquo s profitability is about half its regional peers an ROE of about 6 per cent makes no sense for an Asian and emerging markets bank Ronit Ghose, Citigroup The bank, which is focused on Asia, the Middle East and Africa, is going through a difficult cycle and that is why the intensity of engagement has increased, said a source close to the investor. Temasek &ldquo are more patient than most, but it is not never-ending&thinsp .&thinsp .&thinsp .&thinsp it&rsquo s not rocket science to see management are under pressure. There needs to be more evidence of a turnround soon.&rdquo Temasek has asked the bank&rsquo s executives why, even after three years of restructuring, they are unable to generate close to the double-digit return on equity (ROE) enjoyed by Asian rivals such as Singapore&rsquo s DBS Group, another of its major investments with a 29 per cent stake. &ldquo StanChart&rsquo s profitability is about half its regional peers an ROE of about 6 per cent makes no sense for an Asian and emerging markets bank,&rdquo said Ronit Ghose, global head of banks research at Citigroup. &ldquo Long-suffering shareholders naturally expect much higher returns and the strategy update is a chance to give them greater visibility on the upsides from cost and capital optimisation.&rdquo More recently, fears of a Chinese economic slowdown and the trade war between the US and China have weighed on the bank. Greater China, and specifically Hong Kong, is the lender&rsquo s most important region where it makes 40 per cent of its revenue at the best profit margins. Reflecting this and other issues, the bank trades at less than half the book value of its assets. Recommended News in-depthStandard Chartered PLC Bill Winters still digging through &lsquo fertiliser&rsquo at StanChart Temasek is also concerned about the bench of internal candidates that could replace Mr Winters, the people said, and it would prefer someone such as Piyush Gupta, who has a proven record turning round and digitising DBS during his nine years as chief executive, two of the people said. The Singapore fund previously offered to play a bigger role in the bank&rsquo s affairs and appoint a non-executive representative when it first bought in, but was rebuffed by the former management team led by Peter Sands, a separate person involved in those discussions said. &ldquo We have made good progress strengthening our business and balance sheet, returning the bank to profitability and resuming growth,&rdquo StanChart said. &ldquo We have more to do and have always been clear we need to grow from a resilient platform.&rdquo Temasek declined to comment.
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chartistkao1
Supreme |
27-Oct-2023 13:32
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if 2009' s financial crisis strike once again where all redit freeze are you better prepare this time round-usdsgd 1.369 https://www.theguardian.com/business/2006/mar/28/3
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chartistkao1
Supreme |
27-Oct-2023 13:29
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The estate of Tan Sri Khoo Teck Puat, the largest individual shareholder of Stanchart, is to sell 152,399,222 ordinary shares, equivalent to a 11.55 percent stake, to Temasek. The value of the pending transaction was not disclosed but at least one report estimates the deal is worth some $4 billion.4 May 2006
https://www.privateequityinternational.com/temasek-buys-11-55-stanchart-stake/
 
 
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chartistkao1
Supreme |
27-Oct-2023 13:27
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16 percent
 
Temasek currently owns an almost 16 percent stake in the bank, according to Standard Chartered' s latest filing, making it the biggest shareholder. The London-based lender is known for its focus on emerging markets, with most of its revenues coming from Asia, the Middle East and Africa.23 Jan 2019
https://www.cnbc.com/quotes/2888-HK
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chartistkao1
Supreme |
27-Oct-2023 13:23
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https://finance.yahoo.com/quote/YM%3DF?p=YM%3DF
https://channels.ft.com/en/tech/generating-income-may-be-generative-ais-biggest-challenge/?utm_source=FT& utm_medium=TDanimated& utm_content=ft_marketing
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chartistkao1
Supreme |
27-Oct-2023 11:53
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when    the next global stock markets crashed and inflation under control
https://www.channelnewsasia.com/singapore/forward-sg-report-success-singapore-dream-lawrence-wong-3861386
 
https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets
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chartistkao1
Supreme |
25-Oct-2023 16:56
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FTX Trading is considering proposals from three bidders to restart trading on what had been one of the world&rsquo s biggest crypto exchanges before the company sank into bankruptcy amid fraud allegations. The company will make a decision about how to proceed by mid-December, the company&rsquo s investment banker, Kevin M Cofsky of Perella Weinberg Partners, said on Tuesday (Oct 24) during a court hearing in Wilmington, Delaware. FTX is negotiating details of potentially binding offers with investors, Cofsky said. Options include selling the entire exchange, including a valuable list of more than nine million customers, or bringing in a partner to help restart the exchange, Cofsky told US bankruptcy judge John Dorsey. FTX is also mulling a reboot of the trading platform on its own, he said. We are engaging with multiple parties every day,&rdquo Cofsky said, without disclosing the names of the bidders. Since filing for bankruptcy last year, FTX has been trying to raise money to repay creditors. FTX&rsquo s administrators have so far recovered about US$7 billion in assets, including US$3.4 billion of crypto, according to court documents. FTX and its main creditor groups have tentatively settled some of the most difficult disputes in the case, which will allow the company to file a detailed payout plan in December, company attorney Andrew Dietderich said in court. In bankruptcy, such plans typically give creditors an estimate &ndash expressed as a percentage &ndash of how much they can expect to recover. FTX, however, does not currently know what customers will get back, Dietderich said. The recovery percentage will in part depend on how much value FTX can get from a potential sale, or reboot, of the exchange. FTX&rsquo s founder, Sam Bankman-Fried, resigned as chief executive last year after the company shut down the trading platform to deal with financial turmoil. Bankman-Fried is currently on trial in New York on charges that he funnelled FTX customer money into another firm he controlled. That money was allegedly used to make risky trades, political donations and to buy expensive property before both companies collapsed. BLOOMBERG  
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chartistkao1
Supreme |
25-Oct-2023 15:52
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unrealised losses only can buy more when markets crashed further
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chartistkao1
Supreme |
25-Oct-2023 15:01
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How bad was the stock market in 2008?
 
 
Financial Turmoil Escalates
The Dow would plummet 3,600 points from its Sept. 19, 2008 intraday high of 11,483 to the Oct. 10, 2008 intraday low of 7,882.13 The following is a recap of the major U.S. events that unfolded during this historic three-week period.
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chartistkao1
Supreme |
25-Oct-2023 14:51
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How much did the market go down in 1987?
 
 
22.6%
 
Black Monday refers to the catastrophic worldwide stock market crash on Oct. 19, 1987, when the DJIA fell 508 points, or 22.6%, in a single day. It remains the largest one-day decline ever. Other major stock markets saw similarly huge declines.
Why did the US economy crash in 2008?
 
 
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chartistkao1
Supreme |
25-Oct-2023 14:49
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a long long time US stocks had not hit liked in https://en.wikipedia.org/wiki/Black_Monday_(1987)
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chartistkao1
Supreme |
25-Oct-2023 14:42
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https://www.straitstimes.com/singapore/singapore-and-uae-deepen-collaboration-to-combat-climate-change-ink-8-agreements
 
https://en.wikipedia.org/wiki/Abu_Dhabi_Investment_Authority
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chartistkao1
Supreme |
25-Oct-2023 14:38
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https://www.aa.com.tr/en/europe/norways-wealth-fund-posts-loss-of-34b-in-q3/3031438
 
https://en.wikipedia.org/wiki/List_of_countries_by_sovereign_wealth_funds
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chartistkao1
Supreme |
25-Oct-2023 14:34
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https://www.cnbc.com/2023/10/24/norways-sovereign-wealth-fund-loses-34-billion-in-the-third-quarter.html
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chartistkao1
Supreme |
25-Oct-2023 14:14
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https://en.wikipedia.org/wiki/AkzoNobel
https://www.akzonobel.com/en/media/latest-news---media-releases-/q3-2023
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chartistkao1
Supreme |
25-Oct-2023 14:11
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https://www.santander.com/en/press-room/press-releases/2023/10/q3-2023-santander-bank-results
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chartistkao1
Supreme |
25-Oct-2023 14:09
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https://www.cnbc.com/2023/10/24/unicredit-beats-q3-profit-estimates-keeps-2023-outlook.html
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