Business @ AsiaOne

Swift relief for most vulnerable investors

Three financial institutions to give priority to the less-educated elderly. -ST

Thu, Oct 23, 2008
The Straits Times

By Francis Chan

INVESTORS who lost huge sums in the High Notes 5 and Minibonds fiasco may get some - or even all - of their cash back after dramatic late-night moves by three financial institutions that sold the discredited products.

DBS Bank, Maybank and Hong Leong Finance said they are working hardest to help the 'highly vulnerable' investors, including the elderly and less educated.

They have fast-tracked handling such cases, contacting and meeting their affected customers to review their cases.





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