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Retrenched? Have a free facial
She is offering free facials for people who have been retrenched, because she knows what being jobless is like. -TNP
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Re-assess 'no advice' clause in investment selling, say experts
Option makes it easy for advisers to dodge duty of providing sound advice. |
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Rise and fall of Citigroup
Now that Citigroup will live to fight another day, what lies ahead for this 'Citi that never sleeps'?
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Property exposure of banks well below limit
MAS does not expect sliding real estate market to affect lenders as their loan portfolios are generally well diversified. |
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Dreaming of a cheap X'mas
For the shopper who has any cash to spare, Christmas looks like being a reasonable deal. -Reuters
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More non-Muslims turning to Islamic banking, says OCBC
Strict lending principles are popular with rising demand for ethical investion. -Reuters |
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US woes: S'pore may be worst hit
Its open economy among reasons cited by analysts, after group says US in recession since end-2007. -ST
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Minibonds linked to Lehman to be unwound
Hopes of investors of getting a significant portion of their money back largely wiped out. -ST
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Lehman Minibond notes to be unwound
Both the trustee and receivers believe that restructuring is not a viable option at the moment.
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Check bank statements to avoid extra charges
Customers reminded to scrutinise their bank statements.
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Concerned about insurance policy
Reader thinks friend's policy is not really insurance as the coverage is the same as the premium.
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Student investors caught in the meltdown, too
Young traders staring at huge paper losses, but hanging on to holdings. |
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S'poreans play Santa for HK retailers
Asians form bulk of shoppers as number of Caucasians dip.
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Buffett also bets big on derivatives
Investment powerhouse Warren Buffet and his take on derivaties as well as the market. |
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OCBC, DBS expand Islamic banking operations
Local banks foray into global Islamic industry, valued at about S$1.5 trillion.
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Income launches $6m assistance scheme
Aim is to provide some relief to policyholders facing hard times during financial crisis. -ST
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CDCs to offer separate recession relief package
CDCs to offer separate recession relief package. -ST
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Brokerage didn't provide helpline
Its internet platform does not provide any technical help in the event of system failure. |
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SPH in good shape to ride out recession
Media giant will review its operations and introduce additional cost-management measures. -myp
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Investment types, returns open to public
PAP reassures residents that town councils will continue to be prudent when it comes to investments.
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S'poreans 'prefer safe investments'
They are second-most risk averse investors in Aviva poll of 25 places.
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Lower BLR bad news for some
Senior citizens and welfare homes are concerned over their dipping income in the wake of higher living expenses.
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S'pore may face years of slow growth after recession
S'pore must be prepared, says PM.
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Expats' living costs rising faster in HK than S'pore
It is 15% more expensive to live in HK: biennial poll. |
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S'poreans fear 'losing jobs and going hungry'
Fear of losing ricebowl not unique to Singaporeans.
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Town Councils can invest in structured products
TCs can invest up to 35% of their funds according to guidelines.
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Indonesian client sues Merrill Lynch
He claims bank made losses when it sold his shares without his knowledge. -ST
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Town councils' use of funds to be assessed
Govt review will look at how estates are run and the way sinking funds are managed. -ST |
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How town councils will be assessed
Senior Minister of State for National Development Grace Fu yesterday shed light on the upcoming grading system of town councils and how their funds are currently managed.
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Queries ready - 'you just sign'
100 pre-written letters addressed to town council's chairmen requesting for imformation and clarity sent out by TOC. |
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CPF SMRA floor rate to stay at 4%
Govt will maintain this until December 31 next year. -AsiaOne
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Bonus update rule for insurers
Insurance companies have to issue statements on their participating funds.
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He makes $45k a month
The property agent and his wife together make an average of $30,000 to $45,000 a month.
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Living with less
His $2,500 a month does not go far with seven mouths to feed. |
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CPF grant not for direct HDB sales
The CPF Housing Grant is not applicable for the purchase of a flat directly from HDB.
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He lost $1m, but did not lose heart
The owner of Li An Foodstuff lost $1 million when Julie's biscuits were taken off the shelves during the melamine scare. |
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Applied for 50 jobs
After being retrenched, Mr Bernard Teo took about three months to find another job.
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Recession means opportunities
Bar owner Jimmy Wong believes not every nightspot will do badly in a weak economy. And he is putting his money where his mouth is. |
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No job for 6 months? It's OK
AIA poll: More S?poreans say their savings can last at least half a year. -myp
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Lose job? More S'poreans have savings buffer
Poll: Six in 10 say they can survive 6 months or longer. -ST
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Voluntary CPF top-ups not meant as income source
Its purpose is to encourage members to make cash top-ups to enhance their retirement savings.
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Timeshare firms still Case's No 1 problem
Consumer watchdog says it's time for Timeshare Act to specifically govern this industry. |
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Housewives tighten belts
Cutting corners on daily necessities, housewives are depressed. -Reuters
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Cutbacks in retirement savings temporary: economist
Situation will turn around when stability returns. |
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CPF cash top-ups meant for retirement
It is not intended to provide an income stream available for immediate drawdown. -ST
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Couple seek to recover US$1.2m in HK
DBS Bank (HK) sued over losses from Lehman-linked products. -ST
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Sharp cutting 380 jobs
2 production lines in Western Japan also to be close. -AFP
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Australia to spend $4.7b
Stimulus package to be spent on major projects to help avoid economic recession. -Reuters |
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SKorea, Japan boost swap deal
Yen-won credit line extended to boost liquidity to banks.
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Cash injections approved
Japan's parliament signs law to allow government to pump public funds into bank. -AFP
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French economy to shrink 0.7%
France still predicting slight growth despite recession gripping other European economies. -AFP
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Economy to rebound in 2010
Asian equity markets will continue to be volatile next year:UBS. -ST
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Russia has entered recession
Slowdown could last longer than two quarters: Minister. -AFP
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Protest over mis-selling
Investors marching said they were frustrated by the little action of banks and financial regulators. -AFP |
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Woman, 92, ordered to take mental test
She challenged bank's call to assess her ability to handle $8.9m account. -ST
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Couple seek to recover US$1.2m in Hong Kong
DBS Bank (HK) sued over losses from Lehman-linked products. -ST |
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Household liability here falls relative to income: study
Most countries in Asia record rises between 2000-2007.
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Bernard Madoff arrested over alleged US$50 billion fraud
He was allegedly running a $50 billion "Ponzi scheme". -Reuters |
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Madoff's alleged US$50 billion fraud hits other investors
About a dozen angry investors gathered on Friday demanding to know the fate of their money.
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Lower Sibor attracts more home buyers
0.9% rate sees more interest but analysts warn of risks. -ST
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Islamic banks 'largely insulated' from financial crisis
Islamic banks may rebound faster than other sectors, and have strong growth ahead: Experts.
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Singapore's Islamic finance draws interest anew
Sector set to grow as investors burnt by crisis look for safer alternative. |
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New US credit card rules
Reforms may bring some relief to customers. -Reuters
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Crunch time for borrowers
Banks are being more conservative, say observers, but lenders deny tightening credit. |
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Geneva banks lost more than $4 billon to Madoff: report
The vast majority of Geneva-based family offices have also been touched by the Madoff scandal. -Reuters
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Singapore's star as banking haven rises
With its strict bank secrecy rules, Singapore is in a stronger position to resist pressure from the US than rival Switzerland or Alpine retreat Liechtenstein, which recently partially surrendered bank secrecy. -Reuters |
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China to step up bank lending
It would raise money supply by 17 per cent next year. -AFP
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ATM mistake costs him $750
He transfers money to wrong account number but bank can't return cash to him. |
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Madoff case rocks already shaky hedge fund sector
Alleged fraud by famous investor may cause losses to grow and wipe out funds.
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European banks suffer new hit from Madoff scandal
Santander subsidiary may have lost more than $4.46 billion in the Madoff scandal. -AFP
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Firms exposed to Madoff's alleged fraud
Investors around the world have scrambled since Friday to assess potential losses.
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Nomura says it could lose $451 million in Madoff scandal
But it says impact of the exposure is relatively limited. -AFP
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Pawning more to pay bills
More and more Americans from all social classes are pawning their possessions to make ends meet. -Reuters
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Case will keep buyers informed
It will continue to monitor the prices in the market place.
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Minibond distributors to help bear legal fees
Any challenge likely to result in a protracted legal battle.
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Investor lost $180k in forex trade in three months
He said he was not aware that he suffered so much in losses until it was too late. He had trusted his bank's relationship manager and the bank's services to keep him posted on his investment. |
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Madoff scam hits HSBC
It has provided financing to a small number of institutional clients who invested in funds with Madoff. -AFP
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More suffer 'survival panic'
Downturn spurs 'survival panic' for some in US. -Reuters
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'He Made-off with my money'
Madoff unlikely to oust Ponzi in lingo. -Reuters
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Student behind new money board game
Third uear student from SMU designs board game inspired by Monopoly for teenagers. |
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'Swat' teams to tackle financial crisis
Several law firms in S'pore exploring special task forces. -myp
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Knight storms back with Swat team
Former CAD director is member of legal team set up to tackle issues stemming from financial crisis. -myp |
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Optus could build Aussie broadband network
SingTel-owned telco?s chances good after Australian govt disqualifies rival Telstra?s bid. -myp
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How banks can boost trust
Here are some tips gleaned from interviews with model employees. -myp |
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Madoff firm to be sold off
US authorities liquidating the scandal-rocked firm. -AFP
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The Ponzi scheme: age-old fraud scheme that inevitably collapses
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Shock waves spread from Madoff scandal
Former investors may have to return money to funds. -Reuters
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Charities hit hard as Madoff losses mount
They are forced to shutter, hit with massive losses. -Reuters
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Which credit card is right for you?
Whether it's special deals, discounts, or rewards, what are the top credit cards that give you the most bang for your buck? Vote now and get a chance to win! -AsiaOne
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S'pore economy 'expected to recover in 2010'
Meanwhile, market "will deteriorate": Economist. |
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They dance to finance
Musical on money teaches teens about good spending habits.
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Few here invested with Madoff
Temasek Holdings said it had no direct exposure. |
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Lehman complaints: MAS run spot checks
Officials from Monetary Authority of Singapore have run spot checks on financial institutions that sold Lehman-linked products to ensure investors' complaints are handled properly. -ST
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S'pore's Great Eastern reports $64m exposure to Madoff
The loss from the investment, which accounted for less than 1% of total asset, would not have any material impact, the insurer said.
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Madoff warnings went unheeded
SEC chairman orders probe into why allegations against investment baron were not acted on. -AFP
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Madoff house arrest ordered
Madoff under house arrest with electronic anklet, while wife ordered to surrender passport and put up properties. -Reuters
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US court orders curfew, electronic tag for Madoff
Madoff avoided what would have been his first court appearance since his arrest last Thursday. -AFP
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Lehman investors get help
Hong Kong banks to contribute up S$19 million to help protect investors' interests in possible lawsuits. -ST
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Town council funds in good shape, says Khaw
Principal sum still there and profits have been made over the years. -ST
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China goes on the road to lure 'sea turtles' home
Former 'gold-collar' workers are now known as "sea turtles" as they head home to escape the financial storm.
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Biggest-known Madoff loser may sue PwC
Fairfield Greenwich considering taking legal action against accountant firm for failure to detect Madoff scam. -Reuters
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Lessons from Madoff scandal
More information for both public and authorities will minimize impact of potential risks. -myp |
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Tough challenge for SEC chief
The US agency was blamed for colossal mistakes in the economic meltdown and a massive Wall Street scandal. -AFP
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BofA not selling CCB stake
Bank of America has shelved a US$3 billion sale of China Construction Bank stock. -AFP |
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Lehman-linked investors to get news in Jan
New recommendations delay review process, but MAS believes it will 'better serve investor's interests'.
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Town council funds in good shape, says Khaw
Principal sum still there and profits have been made over the years. |
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Lessons from a financial tsunami
Mr Khaw Boon Wan explains the effect of the global economic downturn on the investments of town councils.
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Khaw: Complete openness is best
Though it is not always easy. |
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Worst 5 money predictions of '08
Things that could not have been more off the mark. Oh, what a miss. -TNP
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Good economy...bad economy?
More idle ships seen on S'pore coast as trade and shipments decline. -TNP |
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Retrenched workers can apply for jobs in Johor
Operations room set up to help register and match those laid off factories here with jobs available in Johore. -The Star
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Traders moan about sales slump after CIQ opening
Small businesses near the city centre of Johor Bahru see drop in earnings. -NST
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Use low-interest credit facilities cautiously
Balance transfers and the loans have an interest rate of as low as 2.8 per cent. The catch, however, is the one-time processing fee. -myp
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Credit checks done for bank and HDB loans
The HDB Loan Eligibility (HLE) letter ensures that the flat buyer is not financially overstretched. -myp
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CPF cuts ruled out - for now
Use of blunt cost-cutting instrument not justified at this point in time, says former labour chief Lim Boon Heng. -myp
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Lone protestor's plea: 'Return my medical fee'
A cancer patient who invested in DBS High Notes 5 hobbled around Raffles Place in crutches to stage a one-person protest. -AsiaOne |
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Banks brace for tough year ahead
Lending set to contract on tighter credit standards.
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Small, hard-hit firms fall off radars of big investors
Institutional investors ignore them in line with market-cap mandates.
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Police won't ask for pay rise
A Malaysian constable earns about $600 a month including allowances. -NST
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3 insurance brokers stripped of advisory services rights
MAS takes action after finding breaches of the law. |
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100 complaints to Fidrec on Lehman-linked products
Complaints relates to Lehman Minibonds, DBS High Notes, Merrill Lynch Notes and Morgan Stanley Pinnacle Notes.
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Quantitative analysts' reputation in tatters
They're blamed for compounding risk, exacerbating crash.
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NUH woos mid-career switchers with allowance
More than 550 job vacancies are waiting to be filled.
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Prudential clients hit by Giro glitch
Technical fault caused premiums for this month to be deducted twice. |
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A family's mortgage nightmare
How one family's mortgage is linked to meltdown. -Reuters
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Wall Street's walking wounded seek clarity
The wrenching events of 2008 have changed forever the way investors look at stocks. |
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The story of three slumps
The current downturn bears little resemblance to those of 1998 and 2001.
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Reinsurers may make net gains from crisis
Asia Capital Re sees bigger business from hard-hit direct insurers that need to maintain capital adequacy.
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Credit Suisse clients may have lost $1.3b on Madoff: report
Spokesman said bank did not actively recommend or sell products invested with Madoff. -Reuters
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Credit card companies face more woes
Rising unemployment could send the number of late payments through the roof. -Reuters
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10 days that shook 2008
This has been a year like no other: 12 months of mayhem and never-ending crises. Let's recount 10 eventful days that we won't forget.
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Frugalistas to the fore in recession
Have you seen the words 'hypermiler', 'leisure sickness' and 'frugalista'before? |
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Faces behind the financial headlines
The people who made the news in a year when Wall Street giants collapsed causing millions to lose their jobs and sent the global economy tumbling into recession. -ST
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Wall Street prays for quiet, boring days
Investors would like event-free end to turbulent 2008 and a different 2009. |
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Investment banking holds its breath
After reality check of 2008, it looks to M&A activity in the year ahead.
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Redress for investors a top concern for Case
Dealt with more than 20,000 cases, with 60 to 70 per cent finding some degree of resolution. -myp
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2009: A cleaner slate to start afresh?
This year has been a roller-coaster ride for the global economy. It saw the fall of the American investment bank Lehman Brothers and the near-collapse of insurance giant American International Group, both of which triggered a global crisis of confidence. Here are highlights
of the year?s highs and lows, as well as what?s in store for next year. -myp
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Kevin Bacon, economist latest hurt in Madoff scheme
They could not be immediately reached for comment. -Reuters
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Bank lending turns cold in November
Loans to businesses slide, economists warn of more trouble ahead.
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MAS acting on complaints
Priority is to handle all complaints seriously and impartially. |
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