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HK banks to repay Minibonds investors
HONG KONG - HONG Kong banks have paid back HK$30 million (S$5.8 million) to investors who said they were missold financial products backed by failed US giant Lehman Brothers, a lawmaker said on Wednesday.
About 60 people have so far received compensation from the banks, Democratic Party legislator and lawyer Albert Ho said, in the scandal that has led to protests across the Asian financial hub. ... more
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