CIMB Archive

  • In this current environment where money are mostly digital, access to banking, especially electronic banking, is crucial. One of the main advantage is ease of use. But the other aspect of electronic banking is something that most people not aware of. Every transaction can be monitor, recorded and stored indefinitely (storage is not an issue since storage cost per GB has drastically reduced). Which means that people with agenda on their mind. It is not always the government that is interested in the information but other special interest group like bankers, corporation or any entity with deep pocket money (since the data can be package and sold to the highest bidder). But government are the most happy bunch of all groups since they can maximise their tax collection! Compared to now where government depends on 'honesty' of its citizen to report their income. A little bit of scare tactics also help in collecting the tax but its nothing compared to sitting in front of monitor and seeing every transaction done by each of its loyal subjects and clicking on each to mark as taxable!

    News – Better access to banking services

    In this current environment where money are mostly digital, access to banking, especially electronic banking, is crucial. One of the main advantage is ease of use. But the other aspect of electronic banking is something that most people not aware of. Every transaction can be monitor, recorded and stored indefinitely (storage is not an issue since storage cost per GB has drastically reduced). Which means that people with agenda on their mind. It is not always the government that is interested in the information but other special interest group like bankers, corporation or any entity with deep pocket money (since the data can be package and sold to the highest bidder). But government are the most happy bunch of all groups since they can maximise their tax collection! Compared to now where government depends on 'honesty' of its citizen to report their income. A little bit of scare tactics also help in collecting the tax but its nothing compared to sitting in front of monitor and seeing every transaction done by each of its loyal subjects and clicking on each to mark as taxable!

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  • If CIMB CEO comparing CIMB expansion to all of ASEAN like the expansion of Santander (www.santander.co.uk) throughout Europe, then see what happen afterwards when all those expansion went back to bit you in the arse.

    News – Latest CIMB buy is Bank of Commerce in the Philippines

    If CIMB CEO comparing CIMB expansion to all of ASEAN like the expansion of Santander (www.santander.co.uk) throughout Europe, then see what happen afterwards when all those expansion went back to bit you in the arse.

    Continue Reading...

  • Ever wonder how bank become to-big-to-fail (TBTF)? You could only guess where did they get all the money to acquire, merge and operate all those offices in those countries. You need to understand how banks made (easy) money and how tight they control the banking industry, with the help of Contral Bank (BNM).

    News – CIMB transforms from a strong investment bank to universal bank across South-East Asia

    Ever wonder how bank become to-big-to-fail (TBTF)? You could only guess where did they get all the money to acquire, merge and operate all those offices in those countries. You need to understand how banks made (easy) money and how tight they control the banking industry, with the help of Contral Bank (BNM).

    Continue Reading...