$DBS Group Holdings (D05.SG)$ A joke ( punishment) by MAS.. ...
A joke ( punishment) by MAS..
6 months? Delay till 1st day of 7th month, punishment over.
(DBS CEO Piyush Gupta said the bank is “deeply sorry” for the digital disruptions,)
If customers forget to pay the loan or the credit card bill will be heavy " punished" by DBS.. No sorry no excuses. .
THE Monetary Authority of Singapore (MAS) on Wednesday (Nov 1) imposed restrictions on DBS activities to ensure the bank “keeps sharp focus” on restoring the resilience of its digital banking services.
MAS said in a statement that it has imposed a “six-month pause” on DBS’ non-essential IT changes. The bank must suspend all changes to its IT systems, except for those related to security, regulatory compliance and risk management, for a six-month period.
The direction to not reduce the size of its branch and ATM networks will be in force until MAS is satisfied with the progress of DBS’ remediation plan.
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Be decisive . 见好就收.
Always have opportunities to fish again.
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cy cheok : Should I still hold dbs?
Stock WatchOP cy cheok: For me, I will unlock the profit and wait for the next opportunity.
( 30% chances upwards, , 70% chances downside ) But still depends on your risks appetite.. Do not believe those saying : To see DBS at 50 ..
can see 37-39 very good liao.. ( difficult)
cy cheok Stock WatchOP: I miss out to sell when it’s at 34+
Stock WatchOP cy cheok: maybe 2 or 3 Nov can get a good price .. or 6 morning b4 results
cy cheok Stock WatchOP: I lost 50% extra profit
but thanks for your advice really appreciate it
KB trader : Yeah.. such “nice” penalties probably has led to complacency .. and we have gov telling us scam victims will get complacent if FIs compensate them.. who provided the conduit for online transactions, significantly reduced branch network and made record profits ?
Stock WatchOP KB trader: I still believe physical token is the safer.. cos digital tokens can be hacked but not physical tokens.
Last time where got people kana scammed by digital banking?
Braight : That's why no improvement
Stock WatchOP Braight: Agreed