Ah... Good good. Finally my summon.

Lol

Bank Rakyat chairman Jen (ret) Tan Sri Abdul Aziz Haji Zainal has been detained for questioning over a RM15mil case

http://www.thestar.com.my/news/nation/2016...-after-md-held/

True. Unless something really happens, then they are safe..
And trying to suck every ringgit from us but when claim time, so hard to get approvals..

I blif bau at BR despite scandals

but insurance claim is limited at any one time. unlike banks default claim, huge amounts!!!

No worry
We'll cross that bridge when we come to it

since the previous case involving BR (Carpet dealer), I have some doubt with them..

now with this new scandal.. I'm speechless

Maybank close many branches ... u see ppl run? hehe...

So many negative sentiments on one bank. I have big stake there as well.

detain all before 31/Aug to prove their efficiency. anyway, this is their game.


mostly are service counters without returning good profit.

This is when people with PIDM account will feel safer cause if bank kaput, PIDM will cover until max rm250k.
Of course if one bank after another kaput, then PIDM pun tak ada cash utk cover.

PIDM only give some mental comfort.. it actually not enough fund to cover all accounts. I doubt if they can actually pay all the accounts in 1 banks, let alone all the banks under PIDM

same as re-insurance companies.
the money game

1. It is almost impossible to have all the bank go under.
If all banks go under, no more economy activity already.

2. PIDM is gov agency, not ordinary insurance company, so whether PIDM has collected enough insurance "premium" from banks to cover every account or not is not an major issue.

3. It is one type of scheme of protection/insurance set up by gov, instead if a bank goes under, all deposit (by law/theory) can be gone. That's the intention of PIDM.

The scheme is to assure depositors' 250K won't be gone, if worst to worst situation happened to a bank.
How PIDM or gov get the 250k is another story.

Somemore, under Basel III, the CET1 ratio or capital adequate ratio will be more stringent compared to past.
So banks generally are more well capitalised as compared which reduce the risk of banks go under in an economy downturn.

Spot on..... UHNWI
I presume u have at least 7 digits (excl decimal) with them

My big stake (to me only) is kacang putih to you and lots of other members here.

This post has been edited by bbgoat: Aug 31 2016, 08:52 AM

don't need to be too humble...

U r just too humble

yes .. man being too humble on his wealth.. USHNW!

Question, if Person A uplifts her FD OTC in CIMB, can she request for the fund to be directly banked in to CASA of Person B? OTC as well, not through CDM, without the presence of Person B. Thanks

This post has been edited by Human Nature: Aug 31 2016, 03:45 PM