dbs is at it again

September 2, 2009 at 9:33 pm Leave a comment

No, i am not referring to another new CEO or another dispute with investors of its problematic minibonds.

i am talking about its latest decision to increase the minimum balance of POSB current account (regardless whether it is linked to POSB savings account) from $500 to $1500,anything lower will invite a penalty of $2 per month. That’s snatching Peter to pay paul.

It has suffered criticism when it imposed a minimum balance of 500 in the savings account. Yet, it don’t seem to have learn its lesson. Now,it is doing it in stealth, i have yet to see mainstream media reporting it.

In these days when banks’ earnings are suffering and reputation tarnished, they haven’t forget their motto “if we don’t squeeze the blood out of customers, who will pay our bonus”

Entry filed under: Watch your step. Tags: .

stephen roach is right A marathon indeed

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Recent Posts

September 2009
M T W T F S S
« Aug   Oct »
 123456
78910111213
14151617181920
21222324252627
282930  

Archives

Blog Stats

  • 37,483 hits

%d bloggers like this: