| |
| >> Back to the article | |
| Sep 18, 2008 | |
|
Lehman-linked product at risk
|
|
| DBS Bank tells investors that they could lose their entire stake | |
| SOME local investors of a product linked to bankrupt investment giant Lehman Brothers have received late-night phone calls from DBS Bank warning them that their entire stake may be wiped out.
The investors have their cash in a product called DBS High Notes 5 that the bank offered wealthier clients last year. It came with promised annual return of about 5 per cent. But Lehman's collapse on Monday means the product will be unwound and investors may only get a portion of their investment back - or none at all. Read Francis Chan's full story in Thurday's edition of The Straits Times. | |
 | |
| Copyright © 2007 Singapore Press Holdings. All rights reserved. Privacy Statement & Condition of Access |
|
 |
|
|
|
Best viewed at 1152x864 resolution with IE 6.0 or
FireFox 2.0 and above Copyright © 2008 Singapore Press Holdings Ltd. Co.
Regn No. 198402868E | Privacy Statement
| Terms & Conditions
|
|
