Lehman tree, not so pretty...

Any points for guessing which bank goes next?

MAS explained that there are regulatory requirements, ensuring that all insurance companies maintain statutory insurance funds, including an investment-linked fund. This fund is segregated from its head office and other shareholders' funds.

Within these funds, insurance companies must maintain sufficient assets to meet all its liabilities to policyholders, which include participating policies and investment-linked policies.

Therefore, policyholders do not need to terminate their policy.

You can visit this link, to read more about the article.

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/376283/1/.html

actually im quite chill about it
just wait and watch the developments

but some ppl are freaking out......

UBS oredi having some probs rite?

Well no updates on UBS but Morgan Stanley and Goldman sach are being converted to investment banks capable of performing like commerical banks that means receiving incoming funds but with more restrictions being placed on them by the federal government.
----------------------------------------------------------------------------------------
Contest theory: More entries = More chances - Concept of Probability.
Time & Tide waits for no Man.

Something similar happen many years ago right? I hear people talking about John Hancock, seems like overseas companies buay zai ar = (

john hancock dissolve into manulife or something?

Think it was taken over by Manulife.
----------------------------------------------------------------------------------------
Contest theory: More entries = More chances - Concept of Probability.
Time & Tide waits for no Man.