Thursday, October 16, 2008

Statement by DBS CEO

Posted in my blog

DBS CEO Richard Stanley says in his message dated 19 September 08 that

"While we do not know how long the turbulence will last, at DBS, we are committed to upholding the highest standards of integrity. Of that, you have our deepest assurance"

Refer to website :
http://www.dbs.com/dbsgroup/announcements/

Is this DBS rhetoric or do they really mean it ? I guess we will find out from the outcome of how they handle this situation
Posted by at

5 comments:

Everlearning said...

This letter is just a formality! At the present chaos in the banking sectors, probably afraid of a bank run, such words are worded to ease panic.
Sweet coated words are always empty promises and they are yet to prove to the public.
Anway, my folks have taken out their retirement savings from them to spread out to put in various banks.

October 16, 2008 2:17 PM
Anonymous said...

At least DBS is looking into the matter. What about other banks, like Maybank?

October 16, 2008 4:11 PM
Anonymous said...

Action speaks louder than written words full of empty promises

I can also write lots of fairytale but do you believe or not ?

October 16, 2008 5:00 PM
Anonymous said...

If you are not happy with DBS, just close down your bank account with them. I think it is extremely stupid to continue to keep money in the very same bank that you perceived had cheated you, your friends and/or your family.

October 18, 2008 3:20 AM
Parka said...

daniel tan - As much as people want to close their accounts, they are just moving from one bank to another.

They are all the same. No point really. We have no other choices.

October 28, 2008 10:33 AM

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