Look beyond retirees in Lehman fiasco: SM
Kor Kian Beng and Francis Chan
Sun, Oct 19, 2008
The Straits Times
While financial institutions (FIs) ought to focus on the vulnerable group of retiree investors who sank money into Lehman-linked products, they should also look at less clear-cut cases, said Mr Goh Chok Tong yesterday.
The Senior Minister said these cases might involve heavily invested professionals or people who have invested only a part and not their entire savings.
'For other, less clear-cut cases, the financial institutions may also want to think of ways to retain their customers' trust and confidence,' he said at a grassroots event.
Kor Kian Beng and Francis Chan
Sun, Oct 19, 2008
The Straits Times
While financial institutions (FIs) ought to focus on the vulnerable group of retiree investors who sank money into Lehman-linked products, they should also look at less clear-cut cases, said Mr Goh Chok Tong yesterday.
The Senior Minister said these cases might involve heavily invested professionals or people who have invested only a part and not their entire savings.
'For other, less clear-cut cases, the financial institutions may also want to think of ways to retain their customers' trust and confidence,' he said at a grassroots event.
