We do not to be a banker to know this.
But what can we do now? Fixing the known problem may prevent it from reoccurring. However, I doubt, with any regulations, we can prevent someone to be "creative". Fixing it now, won't bring much help to those who had been suffered by "questionable practices".
peps with little knowledge of the inner workings of any industry that went horribly wrong tend to be cynical to a fault.
i do admit i know little about how banks operate + am cynical to a fault. but this thread got progress!!
the TS never mentioned what he/she felt it was objectionable, just worded them in a way that made it sound as if DBS is doing a bad job. No reasons. After that came baseless remarks.
There is no need for obfuscate to enlighten or educate us. Most of the thing you need to know on this topic can be found in the web. Most of the rubbish that I read in kopitiam is because the people refuse to find out the fact for themselves. They prefer to spend time typing nonsense with others joining in the bandwagon.
Last edited by Reportage; 25th December 2008 at 12:18 PM.
You wont see me much less remember me but i am the guy who makes you look good.
Any information can be found in the net. But given the circumstances, official releases are at suspect at the moment. How else do we get information?
the thing is, how many people here just spout things blindly, they do not even base it on any information on the net. just postulation in their own mind with a firm belief that they have mastered how and why the world works the way it does.
DBS mentioned in its press release that
organic growth remains a priority and the capital raising is not intended
for any merger and acquisition activity or extraordinary provisions.
Can anyone enlighten me on what does DBS mean by organic growth? what is organic growth?
n finance, organic growth is the process of business expansion due to increased output, sales, or both, as opposed to mergers, acquisitions, or take-overs. Typically, the organic growth rate also excludes the impact of foreign exchange. Growth including foreign exchange, but excluding divestitures and acquisitions is often referred to as core growth.