"Long term ship and property financing is not a lot of fun", so said this Indian DBS CEO.European banks got themselves into this shit by doing ship financing, every Banker in the world knows this.Now the CEO also dislike property financing, and this is one of the revenue earners for all Banks in Singapore.Is the CEO hinting DBS Bank is cutting back on property mortgage loan lending. Commodity trade financing could be exposed to volatility and risk too.High 5 Notes investors must write off their losses - Temasek Holdings would never allow the DBS CEO to be magnanimous, this SWF would rather lose the $100m gambling overseas than to agree to the compensation.
Have to agree with yujuan that TH will never allow DBS to be nice & upright to its own Singaporean customers. We as a SIN city-state have lost most of its "Asian values".
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