It did, MBF in late 90s

The late MBF tauke Loy passed away amidst financial crisis, some unscrupulous buggers spread rumors said that he shocked to dead by his bank impaired balance, some even said he commited suicide.
The depositors heard the news of course withdraw. When you saw there is a line in front of your bank, you will join in the line too, then the bank run began...
Although MBF has taken measures by taking loans from other banks (HSBC, SC etc) to pay back its customers, then the BNM stepped in and forcefully took over the bank, saying that this Chinese company has a really bad balance sheet, and "recommended" it to merge with some "stable" banks, and it happened to be Arab bank; MBF cards survived for another decade as another entity, until merged again, with Ambank in 2012.
Loy junior, after his dad's bank been took-over , he went into academia, established a decent high end private college beside a lake.

Dear veterans, kindly fill in the blanks, in case I have a bad memory.

This post has been edited by cklimm: Dec 22 2018, 11:00 AM

1. It is unlikely to achieve the good old 10%p.a, unless the OPR rate is back to 5-6% as in the 90s.
2. It is always good to be diversified in other instruments, even better if they are returning more. Do tell us in case you are selling, unkers are waiting for your call.

Unker shark dududududu...

This post has been edited by cklimm: Jan 6 2019, 09:17 AM


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Since it is a foreign loan, it would subject to exchange rate fluctuation.

ASM3, 888

You guys all so kaya, unker can only do this