Friday, October 24, 2008

Investors do not accept DBS pay-out


DBS is willing to give a pay-out to investors but they are not accepting it because it is far less than the total amount of investment.

The bank will compensate the full amount of investments to some of the investors but it is believed that most of them will not get all their money back.

DBS will be sending out the first batch of compensation letters to some of the investors (the total number of investors who bought the Lehman Brothers minibond in Hong Kong and Singapore amounts to 7700 people). After the investors accept the pay-out, they would deposit the money into their accounts next week.

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