After all the efforts by the investors of structured products, we finally have the first financial institution to make a comment that is positive to investors.
DBS has issued a statement that it would take responsibility if customers are able to give evidence of misselling in relation to products affected by the collapse of Lehman Brothers.
DBS would work with the customers on compensation on a case-by-case basis.
The onus is still on the customer to provide evidence but at least it’s a good start.
Also, I managed to find the link on the DBS website that provides the pricing for the DBS HIgh Notes. DBS High Notes investors might find that useful.