More than two-thirds of investors who complained of mis-selling after losing money following the collapse of the US investment bank Lehman Brothers have been offered compensation.

Three banks and one finance company involved have informed the Monetary Authority of Singapore (MAS) that 3,600 of the 5,350 cases, or 67 per cent, have been offered compensation, Senior Minister Goh Chok Tong said in a speech yesterday.

A quarter of the cases decided have also received full compensation, he said.

The settlements were offered on a no-admission-of-liability basis and totaled about $105 million.