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Anonymous
I know about SDIC, but we are marching on towards a depression, the likes of which we haven’t experienced before
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Colin Lim
15 Apr 2020
Financial Services Consultant at Colin Lim
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Like you said, there is sdic, so what is to fear? if sdic were to default, the whole country or region will probably in crisis mode.
in the unlikely event they want to close shop, maybe the 3 big banks will come out buy over their assets at a cheap.
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U mentioned SDIC... and do you know there is MAS? Before any financial institutions open busines in SG, MAS has a set of criteria for them to fulfill before giving them the licence.
the answer is no, I don't think so. we also need to know these 2 banks history..
icbc:
https://www.scmp.com/business/china-business/ar...
CiMB I suppose is 1 of the largest bank in Malaysia... 1 of Malaysia minister is from CIMB CEO.
#planwithcolin