Friday, October 10, 2008

SCMP - DBS offers full compensationto mini-bond holders

SCMP Report by: Michael Logan
DBS Bank in Hong Kong has said it will offer full compensation to customers who bought mini-bonds issued by Lehman Brothers. Customers only need to prove to DBS that DBS staff misled them during the sales process

http://www.scmp.com/portal/site/SCMP/menuitem.02bb4e979f5e08d5df646910cba0a0a0/?vgnextoid=a5a3dce60f1ec110VgnVCM100000360a0a0aRCRD&vgnextfmt=teaser&ss=Blogs&s=Home&type=Audio
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12 comments:

Anonymous said...

To prove being misled can be quite tricky.

Jasmin

October 10, 2008 6:56 AM
Anonymous said...

Is this true? There is hope for Singapore investors?

October 10, 2008 7:31 AM
Anonymous said...

Why only compensate HK minibond holders, but not spore???????
Sad.

October 10, 2008 8:14 AM
Anonymous said...

Why DBS, s Spore company, is so nice to HK investors, but not to our own people??

October 10, 2008 8:36 AM
Anonymous said...

I would urge investors not to be overjoyed with this news. If you have read Mr.Tan blog with the investors feedback, most have stated that the bank said they have no case!

October 10, 2008 10:27 AM
Anonymous said...

What is a SINGAPORE company not taking care of SINGAPOREANS first ???

I grew up with POSB/DBS, I don't think I can trust the bank anymore !!!

October 10, 2008 12:58 PM
Anonymous said...

Even a spore coy is not interested in our interests.
The govt also don't seem to be interested.
Who is going to take care of our interests?? SAD to be a sporean.

October 10, 2008 3:40 PM
Anonymous said...

If DBS Hong KOng compensated the investors, then, even DBS Singapore does not do the same, it is still good for Singapore investors, as we can use this as a prove of our case, when we go to court.

RJ

October 10, 2008 5:05 PM
Anonymous said...

This is Injustice!

October 10, 2008 7:17 PM
Anonymous said...

Are we still proud to be a $ingaporean?

Are we still trust that $ingapore government will take care of us?

After all, Just collect your pay of SGD $,$$$,$$$,$$$ pa. Sir.

October 10, 2008 10:28 PM
Anonymous said...

Hey, we are loosing our LIFE SAVINGS - the monies that we exhange with our life's time and efforts!

October 11, 2008 12:45 AM
Parka said...

DBS is going to get a very serious backlash from this not extending the offer to Singaporeans. The message it sends is very clear in regards to how it treats its customers relating to how much power they have. Darn, seems like there are almost no banks left with integrity.

October 11, 2008 10:48 AM

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