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fintech is the ' in-thing' right now.
but the fund small companies can get from internet seems to be small funds.
further more, the traditional fin company can also particpate ine fintech.
Wrong? or right??
trader20yr ( Date: 14-Apr-2016 13:58) Posted:
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Mid to long term, the new comer fintech, online crowd funding, e.t.c will eat up their main market of small, medium, micro company financing
So long term this stock no future.
Retiree stock for current retiree for next 5 years, yes
Retire stock for future retiree after 10 years, no
this is another retiree stock.
like sph.
price 2.37.
divi $110 annum.
4.5%
Will be $3-$4 soon.. Nav is $3.62... Potential privatization?
What impact will it have on the stock?
katak88 ( Date: 07-Aug-2012 09:58) Posted:
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Hong Leong sues Morgan Stanley over Pinnacle notes
Singapore finance firm alleges instruments were designed to fail in US bank's favour
Updated 08:25 AM Aug 07, 2012
NEW YORK - Morgan Stanley was sued by Singapore's Hong Leong Finance in federal court in Manhattan over claims it deceptively sold investments that were designed to fail.
Hong Leong alleged in a complaint filed today that it entered into a distribution agreement with the New York-based investment bank to sell about US$72.4 million (S$89.8 million) worth of the so-called Pinnacle notes to customers.
The notes later failed and the Singapore-based company was required to compensate customers for at least US$32 million in losses, according to the filing.
Morgan Stanley sold the notes as relatively safe investments while rigging them to fail for its own benefit, Hong Leong claimed.
" Morgan Stanley secretly, deceptively, and wrongfully invested the investors' principal in very risky underlying assets," according to the complaint, filed by Mr David S Stellings, a lawyer for Hong Leong.
A spokeswoman for Morgan Stanley declined to comment on the suit. BLOOMBERG
Hong Leong alleged in a complaint filed today that it entered into a distribution agreement with the New York-based investment bank to sell about US$72.4 million (S$89.8 million) worth of the so-called Pinnacle notes to customers.
The notes later failed and the Singapore-based company was required to compensate customers for at least US$32 million in losses, according to the filing.
Morgan Stanley sold the notes as relatively safe investments while rigging them to fail for its own benefit, Hong Leong claimed.
" Morgan Stanley secretly, deceptively, and wrongfully invested the investors' principal in very risky underlying assets," according to the complaint, filed by Mr David S Stellings, a lawyer for Hong Leong.
A spokeswoman for Morgan Stanley declined to comment on the suit. BLOOMBERG