- Joined
- Oct 5, 2018
- Messages
- 17,443
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In the past 24 months, UOB outperformed OCBC by 15% which is rather impressive.
1. OCBC is dragged down by controversial takeover of Wing Hang bank 8 years ago with substantial exposure to China and HK.
2. OCBC's tech support is the weakest among local banks, so much so, that even their local staff are frustrated by their HQ's CECA tech-support.
3. Like DBS, OCBC is no longer interested in organic growth, embarking (costly) acquisition of wealth management businesses, further buoyed by recent capital flight from swiss banks' private-wealth customers.
4. Almost 800 OCBC customers faced the largest online phishing scam in Singapore a year ago, and bank penalized by MAS.
5. Weaker outlook in the margins of their largest non-bank subsidiary, Great Eastern's insurance business.
1. OCBC is dragged down by controversial takeover of Wing Hang bank 8 years ago with substantial exposure to China and HK.
2. OCBC's tech support is the weakest among local banks, so much so, that even their local staff are frustrated by their HQ's CECA tech-support.
3. Like DBS, OCBC is no longer interested in organic growth, embarking (costly) acquisition of wealth management businesses, further buoyed by recent capital flight from swiss banks' private-wealth customers.
4. Almost 800 OCBC customers faced the largest online phishing scam in Singapore a year ago, and bank penalized by MAS.
5. Weaker outlook in the margins of their largest non-bank subsidiary, Great Eastern's insurance business.
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