Friday, October 3, 2008

HSBC sends out breach of contract notice


HSBC, one of the trustee of the minibonds, announced that they have already sent out a breach of contract notice to Lehman Brothers.
Investors holding series 21 and 27 were entitled to receiving the interest payout on September 15, the same day that the investment bank announced that they applied for bankrupcy protection.
But would this notice help the investors to at least get some interest back - or would it result in another disappointment for thousands of people out there?

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