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Banks must consolidate: MM

• hasene

  27 Jun 10, 01:44

  Originally posted by likeyou:

  If merge, means more pple will get retrench.

  It that what he wants?

  
  That is not his concern.  He has never have concern for the livelihood of Singaporeans.   If he is concerned, he will not allow influx of foreigners here to compete with locals.   All he cares about is people must obey and act accordingly to what he wants and money being the centre of it all.

• Arapahoe

  28 Jun 10, 14:32

  I think his rationale of merging totally ignore the risk involved in only having 2 banks in Singapore. There is a need to diverse banks market but not consolidate.

• SevenEleven

  28 Jun 10, 14:35

  so what does it mean? sell DBS and buy OCBC or UOB?

• Arapahoe

  28 Jun 10, 14:43

  Originally posted by SevenEleven:

  so what does it mean? sell DBS and buy OCBC or UOB?

  
  You think about this....if there are only 2 banks all singaporean would put their basket into 2 banks. what would happen if banks fail.....in the future. You think the govt is going to bail each and every singaporean?