Financial Stock
At a time when 33% Americans say they would have trouble coming up with an emergency US$2,000, any sign of economy trouble is devastating. For the first time since the U.S. 2016 Presidential Election, markets have slammed the brake for an emergency stop when the Dow Jones dropped 237.85 points, or 1.14%, drop. The […]
... written on Mar 22 2017What does politicians and bankers have in common? They are liars and crooks, or at least behave like crooks. But they don’t really care as long as there is money to be made. Royal Bank of Scotland, which is supposed to be one of the prestigious banks in the United Kingdom, was involved in Malaysia’s […]
... written on Oct 28 2016Deutsche Bank, a 146-year-old bank employing more than 100,000 employees is like JPMorgan Chase to the U.S. and Maybank to Malaysia. As Germany’s biggest lender, the “German Bank”, as Deutsche Bank literally means, is perceived to be too big to fail. But that was exactly what financial experts told everyone including their hamsters about Lehman […]
... written on Sep 30 2016Wells Fargo, the biggest U.S. bank by stock market value, was supposed to be one of very few American banks that people can trust. That’s because when the mortgage crisis hit in 2008, Wells Fargo was viewed as one of the good guys. After all, Oracle of Omaha – Warren Buffett – is Wells Fargo’s largest shareholder. […]
... written on Sep 16 2016To invoke or not to invoke – that’s a 2 trillion US dollar question EU is asking UK after the British voted to leave. And US$2.08 trillion was the global equity loss on Friday alone after Brexit – the biggest daily loss ever, exceeding the Lehman Brothers bankruptcy during the 2008 financial crisis and the […]
... written on Jun 27 2016HSBC is still undecided if they should move headquarters to Hong Kong, after months of meeting, brainstorming and consideration. The Europe’s largest lender, however, has decided something for the year 2016 – to freeze hiring and salaries – globally. An email sent to HSBC employees on Friday detailing the latest cost-cutting has apparently leaked to […]
... written on Feb 01 2016If 2014 was the year of Malaysia Airlines where it lost two Boeing 777s, one disappeared while another shot down; the year 2015 is definitely the year of Prime Minister Najib Razak. The prime minister’s multi-billion dollar scandals easily eclipse any other financial scandals one could imagine in the history of the country, including Mahathir’s. […]
... written on Dec 29 2015You’ve seen how we’re being controlled by 10 mega companies, which produce almost everything we buy or eat. From Switzerland-based Nestle to Amerian-based Proctor & Gamble, their products are all over the place and there is at least one product in your house produces by them. But do you know that the CEOs of some […]
... written on Aug 02 2015Iron rice bowl is a term Chinese used to refer to an occupation with guaranteed job security, with steady income and perks thrown in. The term is also known as “golden rice bowl”. One of the careers that provide such job security is a job with the government of the day. This was true as […]
... written on Jun 10 2015Horse-trading, money changes hands, contracts finalising, projects reviewing and the list goes on. That’s what is happening now, as the mother of all scandal – 1MDB – about to enter another new month this year. Bets are on the table that by hook or by crook, prime minister Najib Razak and his wife Rosmah Mansor […]
... written on May 26 2015
