HSBC faces £70 Billion capital hole, warn Hong Kong analysts

HSBC could have overstated its assets by more than £50bn and ultimately need a capital injection of close to £70bn before the end of this decade, according to an incendiary report published by a Hong Kong-based research firm . Forensic Asia on Tuesday began its coverage of Britain’s largest banking group with a ‘sell’ recommendation, warning the lender had between $63.6bn (£38.7bn) and $92.3bn of “questionable assets” on its balance sheet

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HSBC Bank on Verge of Collapse: Second Major Banking Crash Imminent

Concerns about an imminent bank crash were further fuelled today at news that HSBC are restricting the amount of cash that customers can withdraw from their own bank accounts. Customers were told that without proof of the intended use of their own money, HSBC would refuse to release it. This, and other worrying signs point to a possible financial crash in the near future.

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THE UGLY TRUTH ABOUT LIFE AS A JC STUDENT

Although some of my classmates are capable of saying the meanest things on earth to weak students like me, I've forgive them and even established good rapport with them in J2 when I started seeking them for help in my weakest subject. On hindsight, maybe all of this was just a huge misunderstanding. Anyway, guys being guys, I am sure they must've forgotten what they've said previously. The girls in my class were one of the nicest people I've met too and I am so grateful I had classmates like them

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TEO SOH LUNG: SINGAPOREANS SHOULD TAKE NOTE OF PUBLIC ORDER BILL 2014

In 1985, the citizenship provisions of the Constitution were amended specifically aimed at depriving Tan Wah Piow of his Singapore citizenship. Wah Piow had escaped to London fearing an accidental death in national service after serving a year in jail on a wicked and false charge for rioting while a student in the Architecture school. Having tasted the system of justice then, Wah Piow had escaped, rightly or wrongly. In 1986, Francis Seow, the president of the Law Society of Singapore was targeted for speaking out against the Newspaper and Printing Presses Amendment Bill. The law sought to demolish foreign publications critical of the PAP policies.

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WHY ANTON CASEY SHOULDN’T BE THE ONE LEAVING SINGAPORE

A few days ago, General Secretary of the Singapore Kindness Movement Mr William Wan wrote an article for The Straits Times, imploring Singaporeans to show some empathy towards Anton Casey, the Briton who had posted disparaging remarks about our public transport system online. Some commenters agreed with Mr Wan, and praised him for his outlook, while others responded with indignation, claiming he wasn’t a “true blue Singaporean” because he had “sided” with Casey.

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Better transport before higher fares

Public transport companies should have been giving commuters reliable, quality service because we take buses and trains daily and have been paying the fares all these years. There must be thorough investigation and proper explanation of the breakdowns to assure commuters that these faults will not recur. With Singapore’s growing population, public transport must be more reliable. The Government and the operators should have had measurable plans in place before the fare hike, to cope with the demands in the transport sector and ensure that these problems were addressed first.

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GILBERT GOH: THIS IS THE FIRST EVENT WHERE WE EXPERIENCED ACTIVE POLICE INTERVENTION

When the idea to burn an effigy was botched, there was the expected resistance from the group as no one has done it before and the usual question was - is it legal? I couldn't find anything on effigy burning on the internet here and to me if there is no law against it there is this grey area that we could breach. No one in our five decades of PAP's rule has ever burn an effigy in Singapore before! Of course, burning an effigy in Singapore is a serious business especially when you can still be fined for drinking water in our modern sparkling clean trains. So we approached this with alot of caution and apprehension.

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Property market slowdown forces home renovation companies to close

The slowdown in the property market, under the weight of policy measures and loan curbs, has impacted the home renovation industry in Singapore. The Renovation and Decoration Advisory Centre said, in the past two weeks, three to four of such companies have told them that they are thinking of calling it quits.

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