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Posts tagged with "dbs"
Read the small print!
Aug. 18 | Leong Sze Hian A local bank has been offering unsecured loans to those earning between $20,000 and less than $30,000 per annum. The ad says that the interest per annum is 10 per cent. However, the fine print says that the effective interest rate is 17.97,...
Hong Kong investors protest DBS
Aug. 9 | From the Associated Press / Picture from Straits Times. HONG KONG – About 100 Hong Kong investors burned by complex financial products linked to failed U.S. investment bank Lehman Brothers protested Sunday, demanding securities regulators help them...
If HK can pressure banks to pay Lehman victims, why can’t MAS?
Jul. 27 | I am surprised that our industry watchdog, the Monetary Authority of Singapore (MAS), is not as efficient and influential as Hong Kong’s Securities and Futures Commission and Hong Kong Monetary Authority… David Goh, letter to the Straits Times...
Banned from selling what nobody wants to buy?
Jul. 11 | Leong Sze Hian I refer to the article “Their shortfalls…” (Today, Jul 8). Since offers and rejections were made as early as at the end of last year, I would like to ask to what extent the findings of improper conduct for each of the 10 financial...
DBS Group Holdings independent director and his 152 directorships…
Apr. 20 | THE disclosure that DBS Group Holdings independent director Christopher Cheng Wai Chee (above) is a director of 152 companies has left some investors uneasy. Straits Times
A case of double-standards, DBS?
Apr. 17 | If it is the case that Ms Lau’s new post at Aware would take up too much of her time, then what about the various external groups that the bank’s senior management are involved in? Today, on DBS’ disapproval of its staff, Josie Lau, assuming the...
TOC Latest: DBS “disappointed” with Josie Lau’s disregard for staff Code of Conduct
Apr. 16 | Darren Boon Not the first time that Lau had breached the staff code of conduct. DBS this evening issued a stinging statement rebuking Josie Lau for flouting the DBS staff code of conduct twice. “Every year, all employees are required to acknowledge...
DBS exec is Aware’s head
Apr. 16 | From the Straits Times: BANK executive Josie Lau, 48, was appointed the new president of the Association of Women for Action and Research (Aware) on Wednesday night at a meeting of the new team in charge. She is vice-president of consumer banking group...
“Special remuneration”?? Lehman forgotten…?
Mar. 17 | DBS Group Holdings chairman Koh Boon Hwee plans to donate $2 million he is set to receive in additional pay to causes that support the ‘importance of learning and education’. This ‘special remuneration’ from DBS is in recognition...
Woman protests against DBS at Raffles Place
Dec. 23 | 54-year-old cancer sufferer Lin Jin Jiao yesterday strapped a cardboard sign on herself and staged a protest against DBS Bank at Raffles Place during lunch hour. Lin had invested, and lost her retirement funds in the now-worthless DBS High Notes...
Different broth but the same old medicine
Dec. 13 | Anthony Koh My recent return to Singapore after a year away in Sydney was greeted by a disheartening headline Surge in HIV cases among gay men highlighted on the front page of The Sunday Times (7 Dec). The prominence was deliberate. The report was coincidental,...
“This thing will never die until it is settled”
Nov. 30 | Editor’s note: The title of this report has been changed for accuracy. Davin Choo / Tng Wen Quan Mr Tan Kin Lian spoke at Speaker’s Corner today for the sixth time on investments gone awry. While his speech mainly consisted of two portions –...
Rejected for publication – letter to the Straits Times forum page
Nov. 19 | The following letter was sent by Mr Vincent Sear to the Straits Times. The Straits Times has rejected it for publication. Sir, I refer to the letter of November 18, 2008, from Mr. Chua Seng Yang, “Questions on investment product rally.” Mr....
No politics please..
Nov. 17 | If we either politicise the process or take an overly legalistic approach as opposed to this case-by-case evaluation in the financial institutions and FIDREC, there’s less likelihood that we get a fair outcome for investors. Tharman Shanmugaratnam
DBS retrenchment: The unkindest cut of all
Nov. 16 | PN Balji / Guest Writer DBS Bank’s retrenchment bombshell has its after-effects beyond its timing, suddenness and audacity. It goes to the core of Singapore’s jealously-guarded and famously-touted gold standard of labour relations. That gold...
After five weeks, where are the politicians?
Nov. 16 | Andrew Loh / Deputy Editor This is a personal observation piece on what has been happening at Speakers’ Corner with regards to the credit-linked securities saga. Mr Tan Kin Lian has been making speeches there for five weeks now – giving advice to...
TOC Exclusive: Interview with Tan Kin Lian at Speakers’ Corner
Nov. 16 | The Online Citizen spent a few minutes with Mr Tan Kin Lian at Speakers’ Corner on Saturday. Mr Tan gave us his views on the issue of investors who have lost their money in structured products. Here is the video: Filmed by Mervin Lee. Read also TOC’s...
Government must do what is right: Goh Meng Seng
Nov. 16 | Andrew Loh / Deputy Editor Mr Goh Meng Seng, who translated Mr Tan Kin Lian’s speech to Chinese at Speakers’ Corner, later shared his views on the structured products saga. He compared Singapore with Hong Kong, where he spends some of his time. “We’ve...
Direct negotiation more beneficial to investors
Nov. 16 | The following is a comment by Observer (SG-HK) which was posted under the article, “Many investors have lost faith in Government and MAS: Tan Kin Lian”. We publish it without edits. Kin Lian’s relentless effort in wanting to help affected investors...
DBS lehman fiasco: Lets move on!
Nov. 14 | What he is saying effectively is that the Lehman fiasco is unfortunate, no one saw it coming, so let us all charge everything to experience and start anew. David Lam (ST Forum, on DBS chairman’s remarks)
High Notes 5 investors – still no word from DBS
Nov. 4 | ‘Total silence’ unacceptable (Straits Times) A ‘DISTURBING’ number of High Notes 5 investors have yet to receive any reply from DBS Bank after filing complaints that they were mis-sold the notes, said Mr Gerard Ee on Tuesday. To...
Investors finally got Case?
Nov. 1 | THE Consumers Association of Singapore (Case) said it is prepared to help investors of Lehman-linked financial products sue banks. TODAY
Worthless
Oct. 29 | Unfortunately the worst-case scenario has materialised and the majority of High Notes 5 investors will not be receiving anything back. DBS spokesman
“Non-vulnerable” deserve a chance at pay-out
Oct. 27 | Liyana Low / Writer Investors who do not fall under the “vulnerable” group should have a chance at getting their money back from the financial institutions. This was the sentiment at Speakers’ Corner last Saturday where about 500 unhappy investors...
Investors to submit fourth petition to MAS
Oct. 26 | Mr Tan Kin Lian revealed at the Speakers’ Corner event yesterday that he will be asking for 1,000 signatures for a petition – the fourth so far – which he will submit to the Monetary Authority of Singapore. The petition will namely call...
