lee_yl:Worst case scenario, the deposit insurance gets activated and you will be able to recover your first $50K only.zbear:[quote=\"lee_yl\"]
Btw, my DH told me last night that financial analysts have raised the spectre of 3 banks defaulting as a result of their exposure to commodities, oil and gas and China. The credit default swaps (basically insurance premiums against default) for the bonds issued by these 3 banks have also spiked in the last 2 days.
The 3 banks? State Bank of India, Deutsche Bank and Standard Chartered. Keeping my fingers crossed that nothing untoward will happen.
Oh dear, this sounds worrisome! What will be the worst case scenario?
SCB shares in UK plunged from £10 to £3.85 within the last year. Hoping that Temasek Holdings with 19% of SCB will not let it fail :xedfingers:[/quote]
Where is the source of information that yr DH get from?

:siam:[/quote]But this is not Peranakan JC leh.