01 Mar '12, 4am

Bank report huge profit

Whenever a bank reports a huge profit, I wonder where the profit comes from. Is it due to the huge interest rate spread, i.e. the difference between the high interest rate charged to borrowers and the meagre interest rate paid to depositors? Should the government have created a better investing environment so that the consumers get a decent interest rate on their savings? How much of the profit come from the sale of financial products, including the high risk currency-linked, credit-linked and equity-linked products that have devastated the savings of the unwary investors? Singapore has been an excellent place for the local and international banks to make huge profits. Does this suggest that the consumers in Singapore are contributing to these huge profits? http://www.todayonline.com/Business/EDC120301-0000081/Singapore-helps-StanChart-hit-record-profit

Full article: http://tankinlian.blogspot.com/2012/03/bank-report-huge-p...

Tweets

Kenya's KCB says 2011 profit up 54 pct to 15.1 ...

sg.news.yahoo.com 01 Mar '12, 12pm

NAIROBI (Reuters) - Kenya Commercial Bank, the country's largest bank by assets, said its full-year profit jumped 54 perce...

World's extreme poverty has been halved, thanks...

todayonline.com 01 Mar '12, 5am

WASHINGTON - Developing countries appear to have already met a United Nations goal to halve extreme poverty in the world's...

#ows #occupy #F29: Occupy Hits ALEC & Corporate America; Matt Taibbi Rips Into Bank Of America via @wordpressdotcom

#ows #occupy #F29: Occupy Hits ALEC & Corporate...

itsgettinghotinhere.org 01 Mar '12, 12am

Today, #F29 , a global day of action against a shadowy corporate front group called the American Legislative Exchange Comm...

HSBC says 2011 net profit jumps 28% to US$16.8b

HSBC says 2011 net profit jumps 28% to US$16.8b

channelnewsasia.com 27 Feb '12, 9am

LONDON: Europe's largest bank HSBC announced surging annual net profits of almost $17 billion on Monday as growth in Asia ...

Bank Negara Indonesia to grow Shariah banking - Channel News Asia

Bank Negara Indonesia to grow Shariah banking -...

channelnewsasia.com 27 Feb '12, 10am

SINGAPORE: Indonesia's fourth largest lender Bank Negara Indonesia (BNI) is actively searching for a partner to further ta...

China's economy at "turning point": World Bank

China's economy at "turning point": World Bank

channelnewsasia.com 27 Feb '12, 6am

BEIJING: China has reached a "turning point" in its economic development, with the pace of growth likely to nearly halve i...

UOB (United Overseas Bank) Singapore

focussingapore.com 25 Feb '12, 5am

UOB ( United Overseas Bank) Singapore has grown steadily over the years and has established itself as one of the leading b...

How Standard Chartered Bank serves customers better by taking a 360° view via @Sgentrepreneurs

How Standard Chartered Bank serves customers be...

sgentrepreneurs.com 26 Feb '12, 11pm

How Standard Chartered Bank serves customers better by taking a 360° view of them February 27, 2012 by Nicholas Aaron Khoo...

You Should Keep In Mind The Huge Tax Hikes Comi...

thedomains.com 01 Mar '12, 1am

OuMun on You Should Keep In Mind The Huge Tax Hikes Coming Next Year When Deciding Whether To Sell Domains asdf on You Sho...

Report details Apple's #patent holdings:

eetimes.com 29 Feb '12, 11pm

SAN FRANCISCO—Apple Inc. has roughly 15,500 patents, about 8.500 of which are U.S. patents, according to a new report deta...

NEWS: Air Jordan XI 'Concord' Gas Mask By Freehand Profit

NEWS: Air Jordan XI 'Concord' Gas Mask By Freeh...

sneakernews.com 29 Feb '12, 8pm

If you’re stuck in a post-apocalyptic world in which your only source of survival is your sneaker collection, at least you...

HugeDomains, Huge Player In Domain Drop Game

dotweekly.com 21 Feb '12, 9pm

Based on a small study I did yesterday using .com domain names that were released from the registry (PendingDelete 2/20/20...

World Bank urges global action to save oceans

World Bank urges global action to save oceans

channelnewsasia.com 24 Feb '12, 2pm

SINGAPORE: The World Bank on Friday said the world's oceans were at risk and called for a coalition of governments, NGOs a...

Non-Profit Group Works Towards Greener, Cleaner Mardi Gras

Non-Profit Group Works Towards Greener, Cleaner...

ecorazzi.com 20 Feb '12, 4pm

Non-Profit Group Works Towards Greener, Cleaner Mardi Gras 0 Tweet by Allyson Koerner February 20, 2012 Categories: Causes...

Huge Lobster Caught Off Maine Coast via @yahoosg

sg.news.yahoo.com 24 Feb '12, 11am

Huge Lobster Caught Off Maine Coast Thu, Feb 23, 2012 - WMTW - Portland ME 2:21 | 1,826,111 views A super-sized lobster wa...