DBS offer full compensation to mini-bond holders

[Incidental Singaporean]

Friday, October 10, 2008
SCMP Today
DBS offer full compensation to mini-bond holders
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 (0:23).

 

[eeoror88]

Siow .... How to prove?? No tape recordings.

The Loser who even though understood exactly what they are buying also feign complete ignorance right ??

 

[jbsmith]

It will be a case of your words against mine. :o

 

[eeoror88]

It will be a case of your words against mine. :o

Total nonsense !!

When lost all your investment, definitely the investor "buat bodoh" right??

 

[shOUTloud]

how come not offered to Singaporeans? or local investors?

 

[Cestbon]

It will be a case of your words against mine. :o

You right! How to prove? I think only those bo tak che can prove it. Just need to said that don't understand what is been sign lo. They ask me to sign I sign lo..

 

[eeoror88]

If MAS take this route, they will open the pandora box to a whole load of future complaints when any investment turns sour !!

 

[madmansg]

in hk they may hire triads to chop off head of dbs ceo there. dont play play

 

[Ramseth]

You right! How to prove? I think only those bo tak che can prove it. Just need to said that don't understand what is been sign lo. They ask me to sign I sign lo..

In HK, one can't claim not understanding English as excuse, cause all HK financial brochures and documents are printed in both English and Chinese (legal requirement). However, some aunties and uncles may be able to claim illiteracy in both languages.

 

[sleaguepunter]

Friday, October 10, 2008
SCMP Today
DBS offer full compensation to mini-bond holders
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 (0:23).

like that difficult to prove, most likely just a wayang. DBS will not pay compensation. Bank employees words against investors words, for all you know, the financial planners who sold the products may had left DBS. Like that even harder to prove.

 

[JohnTT]

What about DBS Singapore & Singaporeans who bought?

Maybe b'cos Singaporeans have long been perceived as suckers.

 

[JinGanKor]

There is alot of financial terms and techinical terms which even the RM selling it doesnot even understand half of it. not to talk about ordinary folks.

How long did they spend to explain to the investor about all the terms and the risk involve? I think the RM will need a very long time to explain fully to the investor (especially those who only wanted to renew their fixed deposit). Even longer since they are just salesman, with alot of terms they dont even know it themselves.

 

[Zombie]

There is alot of financial terms and techinical terms which even the RM selling it doesnot even understand half of it. not to talk about ordinary folks.

How long did they spend to explain to the investor about all the terms and the risk involve? I think the RM will need a very long time to explain fully to the investor (especially those who only wanted to renew their fixed deposit). Even longer since they are just salesman, with alot of terms they dont even know it themselves.

If they don't understand, then they should not dump money into it.

They need to prove "misleading", not just "misunderstanding".

 

[eeoror88]

like that difficult to prove, most likely just a wayang. DBS will not pay compensation. Bank employees words against investors words, for all you know, the financial planners who sold the products may had left DBS. Like that even harder to prove.

Totally ridiculous !!

If DBS really pays, it will open a wide pandora box in the future. Any investment goes sour, the buyers will say misleading, etc and take back money !!

Like that I also want to invest. Sure win no lose one !!

 

[visitor]

IN HKG the people protest - walk on the streets.

 

[JinGanKor]

even in the same land, there is already double standard or even triple or more.

now it is 2 different lands, if anyone is expecting the same result, i think wait for striking 4d has a higher chance.

 

[JohnTT]

IN HKG the people protest - walk on the streets.

In Singapore you cannot do this 'cos it is a offence.

 

[eeoror88]

Totally ridiculous !!

If DBS really pays, it will open a wide pandora box in the future. Any investment goes sour, the buyers will say misleading, etc and take back money !!

Like that I also want to invest alot. Sure win no lose one !!

 

[TeeKee]

Totally ridiculous !!

If DBS really pays, it will open a wide pandora box in the future. Any investment goes sour, the buyers will say misleading, etc and take back money !!

Like that I also want to invest alot. Sure win no lose one !!

can class action sue for misleading the people what....

how can they name high risks investments as bonds?

 

[kuntakinte]

How to prove ?

Isn't it the same to ask Clinton666 to prove that he was a man when shem was fitted with a plastic cunt !! How could a chow ah qua proves that he was a man ???

Friday, October 10, 2008
SCMP Today
DBS offer full compensation to mini-bond holders
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 (0:23).