RBS set to exit Asia corporate banking operations - 2000 jobs affected

[krafty]

https://sg.finance.yahoo.com/news/rbs-set-exit-asia-corporate-222128650.html

 

[gingerlyn]

https://sg.finance.yahoo.com/news/rbs-set-exit-asia-corporate-222128650.html

no worry too much because Ho Ching will come to the rescue as she is very famous for buy high sell low

 

[drambuie]

Banks pay well but there is lots of stress involved plus the stress due to the fear of being replaced or retrenched.

 

[mojito]

Time to expand the taxi fleet.

 

[hofmann]

good riddance to bad rubbish.

 

[xebay11]

When is DBS' turn?

 

[Leongsam]

no worry too much because Ho Ching will come to the rescue as she is very famous for buy high sell low

Absolute rubbish and typical of the wild falsehoods that the opposition IB churn out on a daily basis.

Here are the facts :

http://top10malaysia.com/home/index.php/top-10-of-asia/ho-ching

HO CHING

Singapore’s First Lady Boosted Temasek's Fortunes

Being the wife of the Prime Minister of Singapore has its advantages, especially when you are managing one of the world’s largest sovereign wealth funds. On the flip-side however, the expectations are higher and the pressure to deliver might deter a mere mortal.

Many wives of heads of states the world over are content to perform their duties as First Ladies of their countries. But Madam Ho Ching, besides being the wife of Mr Lee Hsien Loong, the Prime Minister of Singapore, is also the Chief Executive Officer, Executive Director and Director of Temasek Holdings Pte Ltd (Temasek) since 2004. They had married in 1985, after Mr Lee’s first wife had died, and have four children, three boys and one girl.

Temasek, with assets estimated at US$142 billion, is one of two sovereign wealth funds of the Singapore Government, the other being the much larger Government of Singapore Investment Corporation (GIC), with estimated assets at US$330 billion.

Ho Ching is the eldest of four children of businessman Ho Eng Hong. Similar to her husband, who attended Cambridge and Harvard, Ho Ching also studied at prestigious universities. After finishing her undergraduate degree at the National University of Singapore, she obtained her Masters in Engineering at Stanford University.

Also similar to her husband, Ho Ching was a high-flyer in the Singapore civil service. She started her career in Singapore as an Engineer with the Ministry of Defence in 1976, and when she left in 1987, she was by then the Director of Defense Material Organization and Deputy Director of Defense Science Organization. She later joined the Singapore Technologies Group (ST), a core investment company under Temasek, as Director of Engineering and went on to become ST President and Chief Executive Officer in December 2001. In 2002, Ho Ching joined Temasek itself as Executive Director and later became its Chief Executive Officer in 2004.

In her public service over the years, Ho Ching has served on various statutory boards and agencies; she was most recently the Chairman of the Institute of Molecular Agrobiology. She is also involved in community service and various charitable organizations in her personal capacity. For her public service, she was awarded the Singapore Public Administration medal in 1985 and the Public Service Star in 1996 by the Singapore Government.

Although she is the wife of the Prime Minister of Singapore and CEO of the country’s state-owned investment company, Ho Ching is rarely seen or heard in the media. But increasingly, Ho Ching is a force to be reckoned with, as her deal-making ambitions span the globe. In recent years, she is regularly voted as one of the Top Five most powerful women by Forbes. In addition, she is one of only two Singaporeans ranked among Fortune Magazine’s list of the top 25 business leaders in Asia. She has been credited with converting Temasek from a Singapore-focused firm to a leading investor in Asia, making investments in Indian and Chinese companies, primarily in the telecom and banking sectors.

Thanks to Ho Ching’s deal-making, the net value of Temasek’s portfolio grew 27% to US$108 billion in 2010 from US$80 billion the previous year. “This is the first time that Temasek’s portfolio has crossed the US$100 billion mark,” the company said in a statement. Temasek reports a healthy 17% yearly compounded rate of return to its investments since its inception in 1974.

 

[gingerlyn]

Absolute rubbish and typical of the wild falsehoods that the opposition IB churn out on a daily basis.

Singaporeans are well educated and you can know from the election trend.
In 1960s, many people were not well educated and they gave their 100% support to PAP.
Now as electorates are more educated, they can think of themselves.

 

[hofmann]

no worry too much because Ho Ching will come to the rescue as she is very famous for buy high sell low

leave my chio bu alone.

*MILF HUNTER*

 

[blissquek]

When is DBS' turn?

U mean got replay..???

The scene was played once...remember Dao Heng Bank HK, where every shareholder in the street jump for joy when they overpaid for their share.

End result, we consumers and Singapore staff suffer. Retrenchment and downsizing were the norm then.

I know this event vividly because in the neighboured , two DBS/POSB branch were closed and my friend's sister went out of job.
The 2 branches were at Pasir Ris West plaza and the one next to the HDB office in P Ris central. ( this was re-opened last year cos PM LHL going to move the population up to 6.9 mio)

I hope there is no replay of the retrenchment and downsizing for the big local banks here.

 

[Leongsam]

Singaporeans are well educated and you can know from the election trend.
In 1960s, many people were not well educated and they gave their 100% support to PAP.
Now as electorates are more educated, they can think of themselves.

Yes they are educated and smart enough not to be hoodwinked by the sorts of lies you spread.

They know how to search for the truth.

 

[krafty]

i wonder which bank will be next...? normally, these banks dun act alone, last week was stan chart, this week is RBS...hmm...

 

[drambuie]

Yes they are educated and smart enough not to be hoodwinked by the sorts of lies you spread.

They know how to search for the truth.

Just google and all the answers are there.

 

[numero uno]

i wonder which bank will be next...? normally, these banks dun act alone, last week was stan chart, this week is RBS...hmm...

hahahhah. told you last years that banks were cutting back and recession and property prices would tank but alot of naysayers. one bank after another and all big players retrenching staff means big trouble is already here. banks are good at hiding bad news. by the time the public knows about it is too late, shits would hit alot of people. as in any recession or depression, banks retrenching and firing staff means no business . heard alot of loans getting recalled and bad loans from people who borrowed to their neck are now is deep shits. wonderful. anyway I never felt sorry for these heartless bankers. they had their fun and it payback time. no wonder alot of them driving taxis nowadays.