According to Yahoo!News: SINGAPORE (Reuters) – Singapore wealth fund Temasek warned of further contagion from the global credit crisis after it doubled its full-year profit by selling billions of dollars of assets. The fund, which poured more than $5 billion into Merrill Lynch in December, said it saw value in the banking industry, despite the [...]
AsiaOne News: YOU could say he was a bank robber with a difference. Instead of a gun, he hit banks with just a simple plan. And it made him $2.1 million richer – until the law caught up with him. Quah Lai Meng, 33, was working in a handphone shop when he noticed what he [...]
Reuters: “Our exposure to Fannie Mae and Freddie Mac is not material,” a United Overseas Bank spokeswoman said in a statement. No. 1 bank DBS also said earlier its exposure to the two mortgage firms overall was immaterial. “…$49 million of the CDOs contain 3 percent exposure to Fannie Mae and Freddie Mac,” OCBC said [...]