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Tag Archives for " DBS High Notes "

DBS High Notes Investors Loses Appeal

Almost one year after the initial suit filed by DBS High Notes investors was dismissed/a> by the High Court, an appeal filed by investors against the initial decision has failed as well. 213 investors had invested about S$18 million into DBS High Notes and lost everything when Lehman Brothers collapsed. The investors have fought their […]

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Lehman Hong Kong Minibond Holders to Get Significant Payout

Lehman Brothers Minibond holders in Hong Kong have plenty to cheer about. They (whether young or old, educated or uneducated) have been offered better compensation terms of at least 70% to 93% of their money back, receiver PricewaterhouseCoopers LLP said. After adding in an additional ex gratia payment from banks, the total payout will range […]

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DBS High Notes Suit Dismissed

215 investors of DBS High Notes 5 who lost their money in the complex instrument had their suit against DBS dismissed by High Court Judge Lee Seiu Kin. The investors had argued that there were inconsistencies in the product’s base prospectus and pricing statement. Justice Lee agreed with DBS that three of the formulas used […]

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MAS Prohibition Orders

On the website of MAS, they have a page for reporting their enforcement actions. There’s a long list of enforcement actions reported on 24th August 2010. Five were against financial adviser’s representatives of DBS for giving inappropriate advice with regards to the selling of the DBS High Notes. MAS had deemed four of their performance […]

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DBS HK Compensates HK$651m to Clients Who Bought Lehman-linked Notes

Hong Kong authorities have come to an agreement with DBS HK on the amount of compensation to customers who bought Lehman-Link notes structured by DBS. $651 million Hong Kong dollars or about S$115 million will be paid out to some clients who bought these products. The 2160 low risk customers who accept the resolution scheme […]

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