DBS - Hong Kong first, Singaporean last

[makapaaa]

<TABLE id=msgUN cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD id=msgUNsubj vAlign=top>

Coffeeshop Chit Chat - DBS - Hong Kong first, Singaporean last</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">JTan777 <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Nov-5 10:23 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 14) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>2182.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Singaporeans are easy to screw!
Screwed by govt, screwed by FTs and now screwed by DBS
[FONT=Arial, Helvetica, sans-serif]http://www.atimes.com/atimes/Southeast_Asia/JK06Ae01.html[/FONT]
[FONT=Arial, Helvetica, sans-serif]Whether Singapore's homegrown DBS, one of Southeast Asia's largest commercial banks, will emerge stronger from the recent turmoil is in doubt. [/FONT]
[FONT=Arial, Helvetica, sans-serif]Thousands of retail investors lost their holdings when Lehman Brothers-linked financial products offered and managed by DBS failed after the US investment bank collapsed. [/FONT]
[FONT=Arial, Helvetica, sans-serif]The bank said 4,700 of its customers in Singapore and Hong Kong had invested a total US$360m into the products, which are now deemed worthless. [/FONT]
[FONT=Arial, Helvetica, sans-serif]Angry investors have accused the bank of misrepresenting the products' risk and have asked the bank or government to refund their money. [/FONT]
[FONT=Arial, Helvetica, sans-serif]DBS Hong Kong has said that it will return 100% of investors' investments, while the bank's Singapore office has said that it will deal with the failure on a case-by-case basis. [/FONT]
[FONT=Arial, Helvetica, sans-serif]A large number of investors in the Lehman Brothers "high note five" product in Singapore have yet to receive any reply from DBS Bank after waiting three to five weeks after filing complaints that they were "missold" the notes, according to Gerard Ee, who was appointed by DBS as an independent external consultant to oversee its process of handling customer complaints. [/FONT]
[FONT=Arial, Helvetica, sans-serif]The Monetary Authority of Singapore has said it too would look into the "misselling" complaints. [/FONT]
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[Tiu-leh-see-fart]

many investors were in the 66%.

comeuppance is on them.

MAS will make them join the 34% next GE.

 

[khunking]

Just sue. Using Hong Kong as a case reference, I think they have a valid lawsuit.

<TABLE id=msgUN cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD id=msgUNsubj vAlign=top>

Coffeeshop Chit Chat - DBS - Hong Kong first, Singaporean last</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">JTan777 <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Nov-5 10:23 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 14) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>2182.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Singaporeans are easy to screw!
Screwed by govt, screwed by FTs and now screwed by DBS
[FONT=Arial, Helvetica, sans-serif]http://www.atimes.com/atimes/Southeast_Asia/JK06Ae01.html[/FONT]
[FONT=Arial, Helvetica, sans-serif]Whether Singapore's homegrown DBS, one of Southeast Asia's largest commercial banks, will emerge stronger from the recent turmoil is in doubt. [/FONT]
[FONT=Arial, Helvetica, sans-serif]Thousands of retail investors lost their holdings when Lehman Brothers-linked financial products offered and managed by DBS failed after the US investment bank collapsed. [/FONT]
[FONT=Arial, Helvetica, sans-serif]The bank said 4,700 of its customers in Singapore and Hong Kong had invested a total US$360m into the products, which are now deemed worthless. [/FONT]
[FONT=Arial, Helvetica, sans-serif]Angry investors have accused the bank of misrepresenting the products' risk and have asked the bank or government to refund their money. [/FONT]
[FONT=Arial, Helvetica, sans-serif]DBS Hong Kong has said that it will return 100% of investors' investments, while the bank's Singapore office has said that it will deal with the failure on a case-by-case basis. [/FONT]
[FONT=Arial, Helvetica, sans-serif]A large number of investors in the Lehman Brothers "high note five" product in Singapore have yet to receive any reply from DBS Bank after waiting three to five weeks after filing complaints that they were "missold" the notes, according to Gerard Ee, who was appointed by DBS as an independent external consultant to oversee its process of handling customer complaints. [/FONT]
[FONT=Arial, Helvetica, sans-serif]The Monetary Authority of Singapore has said it too would look into the "misselling" complaints. [/FONT]
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>

 

[tonychat]

what's new. Sinkie uses vaseoline daily and that is what happen to a coward eventually.

 

[Conan the Barbarian]

Every commercial entity will try to minimize the amount paid out. DBS is no exception. If its a requirement by law, then so be it. Otherwise, it should be a case by case basis. So please do not blame DBS.

 

[imperialarms]

it is normal we are dalits, lowest caste.

we must understand and not fight our karma

 

[annexa]

HAHAHAHAHAHAHA Next erection, let's see PAP's rock solid backers, the retirees of LKY legacy revolt and tell them to go fuck spider!

 

[R4g3]

HK is HKMA, here is MAS.

Which one more jiak liao bee?

so this outcome is not surprising at all.

 

[theblackhole]

singaporeans always suffer and kena the worst treatment. we kena from chit funds to clobs to lehman to sands. knn! when are we going to learn to be like the honkies,the taiwanese,the koreans and the japanese. wake up lah singaporeans.don't always to to sleep and sleep! how long and how much more losses before you all wake up. these red hair demons are taking us all for a ride! wake up lah!!! this sandy business is going to break the camel's back!!! watch it!!!

 

[makapaaa]

singaporeans always suffer and kena the worst treatment. we kena from chit funds to clobs to lehman to sands. knn! when are we going to learn to be like the honkies,the taiwanese,the koreans and the japanese. wake up lah singaporeans.don't always to to sleep and sleep! how long and how much more losses before you all wake up. these red hair demons are taking us all for a ride! wake up lah!!! this sandy business is going to break the camel's back!!! watch it!!!

Yet still need to serve ant ass and made to pay the heaviest effective taxes to the BEST PAID and MOST LEEGALLY CORRUPT govt in the world. And few Sporns still fail to see the relationship between how they are being treated and their voting pattern.

 

[singveld]

problem is singapore court is with dbs in singapore
but hong kong court is against dbs in hong kong
therefore, paying them off and cheaper than all the court action and then lose.