SOME local investors of a product linked to bankrupt investment giant Lehman Brothers have received late-night phone calls from DBS Bank warning them that their entire stake may be wiped out.

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Classic act of this Damn Bloody Slow bank. Clients can sue DBS for negligence.

All at risks lah. Only your lives not at risk if you stay cool, be orderly and calm, isn't it?

Those who are not, jump.

SMRT taking 4 years to fix the sliding doors at MRT stations. OMG. Will there be more jumping deaths holding everybody up and affecting productivity.

SMRT has to have a bigger team trained really to pick up the mess lor.

How many millions are in this High Notes fund?

All will tighten belt as told and more will tight in even tighter now. OMG. What is going to happen to our GDP. Ask the MIWs, lor.

I sleep well. I have nothing in the High Notes fund.

I think this is ridiculous... This kind of thing should not happen...

MAS : I am sorry it has happened....

the investors did not read the prospectus properly but even then simple logic will ask how can there be 5% return with principal sum guaranteed when even bank deposits earn nothing like this?

Singaporeans really need more financial education.

this is a good wake-up call to all financial products consumers.

Banks may be aggressive in promoting and selling financial products.Decision to invest rest with investors. Blame no one. One simple equation, High Returns = High Risks.

DBS VP wrote a letter date Mar 08 that assure investors that a single credit event like the lehman brothers would only negatively impact the market value, NOW they say because Lehman brothers is the collateral securities which was not informed to the investors , there is a high chance all the investors would lose 100% of the principal. This is a clear case of DBS investment group failure to provide adequate info to customers and with the Lehman issue pops up, they pass the buck to the customer while they earned a middleman commission.

These so called financial planner or fund manager are all hawks after the commission. Investor are left to doe on their own. Greed of these investors let to their misery.