Friday, October 24, 2008

Angry investors protest


Around 100 investors protested to the Monetary Authority and the Securities and Futures Commission this morning.
They include customers of Citic Ka Wah Bank, Chong Hing Bank, DBS Bank, Citibank, Standard Chartered Bank, ABN Amro, Royal Bank of Scotland and Dai Sang Bank.
The customers expressed that the banks had deceived them into putting their life savings into the high-risk investment products and urged the banks to make full repayments.
Although DBS has announced that they will notify clients about their compensation, protester Wong Kam-chuen, who invested over HK$2 million in the bank's retail structured notes, claimed he heard nothing from DBS.
"The bank staff could not tell me when the investigation will finish. I really have no idea of when I can have my money back," said Mr Wong.

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