DBS said on Thursday it will review every single sale of its High Notes 5 product by the end of this year, even for investors who have not lodged a complaint.

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Yes Raju ! do the right thing ! . . a show of professionalism . . !

"DBS' High Notes 5 was a structured product linked to bankrupt Lehman Brothers, which promised an annual return of about 5 per cent."

For 5% per annum they want investors to lose the principle sum?

Oh my GOD!

They should return the money to the investors, except institutions such as Town Councils. Institutions have professional managers, they don't deserve to have the money back.

DBS - do bleed Sgreans

oh c'mon what kind of spin is this ? action only after public outcry, not least a hong lim park speech x 3 by TKL...u call this swift action ??? my foot !!!

why must it be the people on the ground who takes the blame.. like the Mas Selamat escape.. how can the bank management not be responsible for the widespread mis-selling?

http://tankinlian.blogspot.com/

Speaker's Corner - 1 Nov 2008 5 to 7 pm
SPEAKER'S CORNER
Saturday 1 November 2008
Time: 5 - 7 pm
Nearest MRT station: Clarke Quay (NE Line)

Agenda:
1. Update on Petition #4
2. Help to complete complaint form
3. Dialogue with senior management of distributor
4. Collective legal action (as a last resort)
5. Meeting of investors (according to distributor)
6. Translation into Mandarin

Ask your friends and family to attend. Let us aim for a large gathering!

if the top management at the banks had not sanctioned it or directed it, which RM dare to sell it like it has been done ? think !!

I think there are very few banks in the world compensate for investors when things turn south. I have also never seen investors sharing their profits with the institutions when things turn north.

No mortal in this world without privy information saw it coming.

Whilst mis-selling cannot never be condoned, witch-hunting blame game always follows when things turn sour. Of course, there will be those who will take advantage of the situation to regain their losses.

Think.

if the banks are not guilty, they DO NOT need to compensate

they better be accountable to shareholders for using their money wisely and not compensate when they are not guilty

the only reason the banks are swiftly compensating is a realisation of sure-lose court case and not to waste more of shareholders' money in fighting a losing court case. that is call cutting losses and trying to look brave and appear kind and generous.....no banks will go the tune of S$80million unless they realise they have no case....c'mon, it is not S$80 or S$800 with which they can treat you to a nice lunch