WASHINGTON – THE US Treasury said on Thursday it would extend guarantees to Fannie Mae and Freddie Mac through 2012 to allow the government-sponsored mortgage finance giants to weather any new crisis. A new, amended agreement lifts a cap of US$200 billion (S$281 billion) in aid that can be pumped into each of the two [...]

housing, US Hide

CENTRAL Provident Fund members have been warned they face fines of up to $10,000 if they take part in a scam that has just come to light. The CPF Board issued the stern warning after a report in The Straits Times on Thursday exposing a practice adopted by unscrupulous financial advisers who plunder members’ CPF [...]

investments, Scams, Singapore Hide

You could term 2009 the year the world did not end. Flash back 12 months and it looked like a financial Armageddon was about to descend on us all. Most experts were of like mind: Financial markets would continue to bleed, banks would keep failing, millions of jobs would be lost, profits would evaporate. Think [...]

investments, Risk Management, stock market Hide

A Taiwanese man has been arrested and accused of defrauding hundreds of people by posing a member of the Brunei royal family, local media reports say.Wei Yao-sheng is said to have claimed to have been authorised by a Brunei bank to set up a royal investment fund in the country. He managed to attract some [...]

investments, Scams Hide