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LoginBomb ticking for SG banks off-balance gearings of 117 times?
13 posts
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Australia:
Interestingly I looked up the Westpac Bank (Australia), true enough it had a derivatives position of AU$ 1.449 trillon and an equity of only AU$ 18 billion.
Derivatives Gearing = 1,449 / 18 = 80.5 times
Singapore:
Then I had a look at DBS (Singapore) Balance Sheet, it had a derivatives position of SG$ 1.805 trillion and only an equity of SG$ 23 billion.
Derivatives Gearing = 1,805 / 23 = 78.5 times
So does this also mean that Singapore Banks are highly geared for failure like the Australian Banks?
Westpac Australia
DBS Singapore
Source: Westpac Financial Statements 2007
Source: DBS Financial Statements 2007
Edited by maurizio13 22 Sep `08, 10:28AM
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Originally posted by maurizio13:
What Singapore lacks is an independent newspaper (like the Australian) or media to report on negative issues linked to the government.
What you are saying is something like....
Channelnews Asia Losing credibility
or this:
Unfree Press, Official Secrets Act, and being caught off-guard
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Originally posted by AndrewPKYap:
... but you have to "find" it in sgforums because many of the assdogs that run the Singapore newspapers have counterparts here trying to sell the same propaganda to you... but at least, unlike the assmedia, you can find the truth here...
Uncle, can you handle the truth or not??
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Originally posted by maurizio13:
Australia:
Interestingly I looked up the Westpac Bank (Australia), true enough it had a derivatives position of AU$ 1.449 trillon and an equity of only AU$ 18 billion.
Derivatives Gearing = 1,449 / 18 = 80.5 times
Singapore:
Then I had a look at DBS (Singapore) Balance Sheet, it had a derivatives position of SG$ 1.805 trillion and only an equity of SG$ 23 billion.
Derivatives Gearing = 1,805 / 23 = 78.5 times
So does this also mean that Singapore Banks are highly geared for failure like the Australian Banks?
Westpac Australia
DBS Singapore
Source: Westpac Financial Statements 2007
Source: DBS Financial Statements 2007
omg! that's sound bad.
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