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Thread: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

  1. #1
    Member Papilio's Avatar
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    Default Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit


    The carnage begins...

  2. #2

    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    I feel that no company would execute 900 heads unless they are in extreme doldrums.

  3. #3

    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    oh dear.... it is safe to still put my saving with dbs?
    头可断,血可流,倩女不可不追求 carpe diem,when in doubt, hoot first,apologise later:p GALLERY

  4. #4
    ClubSNAP Idol Adam Goi's Avatar
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    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    Quote Originally Posted by eow View Post
    oh dear.... it is safe to still put my saving with dbs?


    Yes, it's still safe ... refer to Para 6 of this joint press release by MAS and MOF ...

  5. #5

    Smile Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    yes, lah! remember that all deposits with banks here are guaranteed by our govt and backed against 150 billion of our reserves. sleep well.

    Quote Originally Posted by Adam Goi View Post

    Yes, it's still safe ... refer to Para 6 of this joint press release by MAS and MOF ...

  6. #6

    Smile Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    head choppers!

    Quote Originally Posted by leejay View Post
    I feel that no company would execute 900 heads unless they are in extreme doldrums.

  7. #7

    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    Quote Originally Posted by reachme2003 View Post
    yes, lah! remember that all deposits with banks here are guaranteed by our govt and backed against 150 billion of our reserves. sleep well.
    Just wondering how do we actually know the govt actually has USD$150 billion?

    Is there a website we can find out if the Singapore govt has that much reserves?

    It's all on papers only.......for us to feel secure but are we really secure?

  8. #8
    Member terryansimon's Avatar
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    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    Quote Originally Posted by Godzilla Invades View Post
    Just wondering how do we actually know the govt actually has USD$150 billion?

    Is there a website we can find out if the Singapore govt has that much reserves?

    It's all on papers only.......for us to feel secure but are we really secure?
    http://www.imf.org/external/np/sta/i...eng/cursgp.htm

    official enough for you? (=
    chicken fight!

  9. #9
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    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    That's a pretty big lay-off. Furthermore, the bank is 38% in the red.

    Let's hope the economy can pick up.

  10. #10

    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    Quote Originally Posted by huggable View Post
    That's a pretty big lay-off. Furthermore, the bank is 38% in the red.

    Let's hope the economy can pick up.
    It's less 38% profit, not a 38% negative profit..

  11. #11

    Smile Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    ok. ask president nathan, who accordingly to many singaporeans, holds the third key in the cpf's logo.

    Quote Originally Posted by Godzilla Invades View Post
    Just wondering how do we actually know the govt actually has USD$150 billion?

    Is there a website we can find out if the Singapore govt has that much reserves?

    It's all on papers only.......for us to feel secure but are we really secure?
    Last edited by reachme2003; 7th November 2008 at 09:03 PM.

  12. #12

    Smile Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    right! dbs must act like they are responding to the situation. eg. 80 million set aside for compensating its customers over mis-selling.


    Quote Originally Posted by gremlin View Post
    It's less 38% profit, not a 38% negative profit..

  13. #13

    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    Quote Originally Posted by Papilio View Post

    The carnage begins...
    Wow. Pre-emptive retrenchment.

  14. #14
    Senior Member
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    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    Quote Originally Posted by huggable View Post
    That's a pretty big lay-off. Furthermore, the bank is 38% in the red.

    Let's hope the economy can pick up.
    is that why some ATMs got no cash inside at some places (just yesterday 3 nearby my home cannot dispense any note$$?....

    i wonder how safe my savings is...

  15. #15

    Smile Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    900 about 6% of total headcounts.

    Quote Originally Posted by gremlin View Post
    It's less 38% profit, not a 38% negative profit..

  16. #16

    Smile Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    still wondering? could be cockup by certis cisco personnel. rest easy!


    Quote Originally Posted by sORe-EyEz View Post
    is that why some ATMs got no cash inside at some places (just yesterday 3 nearby my home cannot dispense any note$$?....

    i wonder how safe my savings is...
    Last edited by reachme2003; 7th November 2008 at 09:08 PM.

  17. #17
    Senior Member
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    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    Quote Originally Posted by waileong View Post
    Wow. Pre-emptive retrenchment.
    maybe the fall guys to take blame for mis-selling?

  18. #18

    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    Quote Originally Posted by Papilio View Post

    The carnage begins...
    no sure how many ppl they going to retrench ??
    AMPA * WPPI * J team

  19. #19

    Smile Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    bro ong, the number is 900.

    Quote Originally Posted by KNIGHT ONG View Post
    no sure how many ppl they going to retrench ??

  20. #20

    Default Re: Singapore's DBS cuts 900 jobs, reports 38 percent fall in Q3 profit

    Well, it had to happen sooner or later.

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