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DBS got its chinese name wrong

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Singapore’s DBS Bank Enlists Nivaura’s ‘One-Click’ Blockchain Security Issuance​

https://www.coindesk.com/singapores-dbs-bank-enlists-nivauras-one-click-blockchain-security-issuance

1594797_original.jpg

Nivauru Founder CEO, Avtar Sehra

DBS’s senior management enjoys high incentives for embarking on risky practices which result in poor corporate governance and their internal audit team has a high turnover rate because they are unable to flag the cosmetic accounting gimmicks that paint misleading picture of the firm’s financals.

DBS actively peddles Universal Life policies to business owners who are unable to obtain business loans. DBS will first lends money to them to buy the policy (payable upon death) and also gets a fat commission for selling these policies. The projected insurance payouts can be pledged for business loans, which generates more interest-income for DBS. With higher interest-rates ahead, the cost-of-borrowing for these highly geared business owners will surge, forcing them to reduce leverage or simply kill themselves to realize the insurance payouts to avoid bankruptcies.

DBS continues to sit on a large portfolio of non-performing loans from Marine, Oil & Gas industry and Temasek’s unsuccessful start-ups. DBS also repackaged the debts of other unhealthy companies as bonds and offloads these debts to investors, most notably Hyflux.

Despite the Singapore government’s sanctions against Russia, DBS uses their proxies in Germany and China to launder and remit funds between Russia and Singapore.

DBS China is not very profitable. To shore up their balance sheets and reduce borrowing costs, DBS financed DBS China by lending to selected local investors which are required to re-lend the money to DBS China (back-to-back). These local investors make a tiny spread but they will be liable if DBS China is insolvent.

The DBS today is no longer the same DBS that we used to know. They are able to create money out of thin air through wilful financial engineering. For years, MAS has turned a blind eye against these fraudulent corporate practices and our local financial system is vulnerable when DBS requires a bailout much larger than SIA’s. Many of the above malpractices are identified by IRAS but DBS is so powerful that MAS dares not expose them.
 
mahjongking said:
he is doing us a big favor, the more he condemn spore, the more CECAs will avoid spore
has the bastard fucked back to india?
Click to expand...
If anyone thinks CECAs are going to be discouraged by his rantings, they are stupid. They hate their own country so much that they can’t wait to get out. It’s crowded, dirty, way too competitive with limited jobs but too many people.

I once worked with India counterparts and they kept pushing me for recommendations on LinkedIn and sounding me out for opportunities in Singapore.
 
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batman1 said:
Nothing surprising anymore,if they can changed your Race from Indian to Malay.
Click to expand...
As far as malays are concerned, the president is a malay. Only ungrateful chinese people have issues with this.
 
syed putra said:
As far as malays are concerned, the president is a malay. Only ungrateful chinese people have issues with this.
Click to expand...
m&d realised that no true blue m&d has the IQ to be appointed president and thus willing to accept an Indian masquerading as a m&d.
 
nayr69sg said:
More than three decades after its establishment, the Development Bank of Singapore Ltd was renamed DBS Bank Ltd in 2003 to better reflect its “pan-Asian aspirations”. Its Chinese name was also changed from 新加坡发展银行 (Xinjiapo fazhan yinhang) to 星展银行

https://eresources.nlb.gov.sg/infopedia/articles/SIP_2015-12-01_132040.html#:~:text=More than three decades after,展银行 (Xingzhan yinhang).
Click to expand...

It bought posb because its balance was in deficit and now it is part of China. What is pap doing? There is no Singapore. Even greed doesn't escape morality.
 
Datingafter35 said:
It bought posb because its balance was in deficit and now it is part of China. What is pap doing? There is no Singapore. Even greed doesn't escape morality.
Click to expand...
It's a four-hairy-cheebye bank. That means it will bleed money 4 times more than others.

DBS_Logo_New_1.png
 
There is a reason why Year-To-Date, STI gained 1.6% but DBS declined 8.2%. More IA people left. Your deposits are definitely safe, and government will help DBS if DBS is in trouble. But we learnt from SIA's bailout that existing shareholders will just get very diluted.
 
Second year into the acquisition, DBS India's non performing assets in Lakshmi Vilas Bank are unlikely to improve significantly due to weak debt-recovery, and rupee's current weakness is expected to further drag down DBS's India's asset-quality and valuations.

Now I know why DBS is 星(singh) and not 新 (singapore).
 
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