[Sinkie]

platopus wrote:

The World's 29 Too Big To Fail Banks, JPMorgan At The Top - Forbes


Scb is also in the list, don't worry for now

11/11/2013 dated

[steadybongbibi]

i examine the "too big to fail" list in a state of confusion

either, "they... "
meant that ocbc, uob and posb aka dbs can fail, as none was in the list.
or
simply...
those banks in that list better watch out !! ... as they needed extra capital buffer.

read it with a pinch of salt.

platopus wrote:

The World's 29 Too Big To Fail Banks, JPMorgan At The Top - Forbes


Scb is also in the list, don't worry for now

[Perisher]

There is no too big to fail banks, only all cannot fail together banks. Just don't tio the bank that's being made an example of when the government need a sacrificial lamb.

[linxiaobei]

Anyway, too quick of withdrawal of cash can deplete the bank's liquidity and therefore amplifying the effects of what could have come from a very small issue.

Yes, even with the deposit insurance covering, you might not be able to get full refunds and might take a very long time. It is still better than no protection from the governing bodies of the bank.

[spiritGate]

Well I am not sure but maybe they are using a way to say they are going to charge commission fee from their existing customer with the similar rate as other broker/banks
Just guessing

[lalalalalala]

xd3vilx wrote:

I am not sure what will happen to the trading side of SC and our online trading account but guys there nothing afraid to worry about the banking side of SC. In fact, investors confident in SC increases after they announce they will axes their equity business, their stock went up by 1% yesterday.

SC balance sheet is still strong overall and even in the worst case they really go under, being a huge presence bank like SC, UK government will probably bail them out. So I can sleep at night without any worries.

Their stock dropping a lot today, wonder what happened

[numbers]

maybe those kena retrenched by them today go short the stock LOL

[lalalalalala]

numbers wrote:

maybe those kena retrenched by them today go short the stock LOL

Means good time to gather?

[limster]

xd3vilx wrote:

SC balance sheet is still strong overall and even in the worst case they really go under, being a huge presence bank like SC, UK government will probably bail them out. So I can sleep at night without any worries.

I seriously doubt that UK govt will bail SC out since it would look like it is bailing out a foreign country.

[felixleong]

you all never see before bank run in 2007
Citi bank everyone shout world biggest bank, will not fail one

from $50++ drop to $1... really $1 no bluff

[platopus]

felixleong wrote:

you all never see before bank run in 2007
Citi bank everyone shout world biggest bank, will not fail one

from $50++ drop to $1... really $1 no bluff

True story, today Citibank is $50 again hehe.

But valid la .. I will only be hum when Ho Ching sell scb

[steadybongbibi]

come on... that's after a 1-for-10 reverse stock split.

Citigroup announces 1-for-10 reverse stock split - Mar. 21, 2011

Besides, the fact that one of the largest U.S. banks traded for less than $5 a share is a startling concept on its face. And a 1-for-10 reverse stock split, essentially replacing every 10 shares of stock with just one share.

what does this mean for investors, like u and me? Absolutely nothing !!

platopus wrote:

True story, today Citibank is $50 again hehe.

But valid la .. I will only be hum when Ho Ching sell scb

[felixleong]

platopus wrote:

True story, today Citibank is $50 again hehe.

But valid la .. I will only be hum when Ho Ching sell scb

erm... the citi bank they play cheat one haha
after crisis a few years liao it recovered then they combined the shares, every 10 share become 1 share

so if compare now to last time, should use like $5 value nia gg

or if u wanna take today's value, then Citi bank during 2007 was $500++, crashed to $10.. now after a half a decade only recover back to $50... investors still sitting on 90% paper loss... sibei tragic...haizzzzzzzzzzzz I sad not because I had the shares, but my friend held his US shares.. thinking... long term will come back one... but now come back 10% nia... need go up another 90% to break even... gg max

[lalalalalala]

platopus wrote:

True story, today Citibank is $50 again hehe.

But valid la .. I will only be hum when Ho Ching sell scb

she might sell soon, remember, she buy high sell low one

[linxiaobei]

felixleong wrote:

erm... the citi bank they play cheat one haha
after crisis a few years liao it recovered then they combined the shares, every 10 share become 1 share

so if compare now to last time, should use like $5 value nia gg

or if u wanna take today's value, then Citi bank during 2007 was $500++, crashed to $10.. now after a half a decade only recover back to $50... investors still sitting on 90% paper loss... sibei tragic...haizzzzzzzzzzzz I sad not because I had the shares, but my friend held his US shares.. thinking... long term will come back one... but now come back 10% nia... need go up another 90% to break even... gg max

Ouch painful.