BANKS across the United States and Europe are being rescued, merged or shut down but Singapore's banks are still seen as rock solid in the wider community.
And that is a bad thing? We should be thankful we are not facing political instability at the same time like Thailand, or there will be no hope of a saviour.
Interestingly, man has 7 years itch..........financial mkt has every decade itch..........1987/1997/2007(sub prime started)and generally the month of October is a jinx month for stock market.
Remember years ago the Tat Lee Bank??? If I didn't remember wrongly, Tat Lee Bank was bought over by OUB or UOB overnight because of financial difficulties...can some one advice on this.