True badly run judging from their responses on Lehman minibonds issue. that's why my money is stashed elsewhere. Only small pitiful sum at DBS.
Maybank is heaps above DBS in terms of customer service & interest rates.
Me too. I have a few hundred over there and that's it. Most of my money are in Australia. I trust them more, because the regulatory system forces the big 4 banks over there to be more transparent, and to be accountable- and to ensure a high level of professionalism.
Here we don't even know whether the currently sick-and-gonna-go-chemo CEO was appointed by the Board truly- or was it a political appointee by people upstairs beyond the power of the Board of Directors.
Its the curse of the DBS Lehman minibond holders who were rejected in their appeal for compensation. Less than half of those got their money back. So this is the ultimate outcome for the CEO of DBS who steadfastly refused to admit that his relationship managers sold junk & had no knowledge of what risks meant as they were only interested in their sales commissions. Who promoted these sales commissions? The CEO & top management.
Nah. I don't think its a curse. Having said that, with such a situation, there will be, understandably, some who will attribute this to karma. To me though, it's more plausible that he already had symptoms of the cancer even before he was appointed, but was appointed anyway. Plus, they didn't say it was at which stage. But looking in between the lines, my guess its in its later stages- otherwise he wouldn't have requested a 6 month absence. He will go for aggressive chemo and his doctors will aggressively find a bone marrow donor. This is serious and again, it goes back to the question of proper vetting and the process itself- to see if it has been politicised or not.