For subscribers
Banks say they will discipline staff who mis-sell to customers
Sign up now: Get ST's newsletters delivered to your inbox
DBS, OCBC and UOB are unison in their positions that any acts of mis-selling unsuitable products to customers will not be tolerated.
PHOTO: LIANHE ZAOBAO
Follow topic:
If a bank employee tries to sell you an investment product without first checking on your needs, risk appetite and financial state, just say no.
Employees who push financial products without knowing a person’s background are breaking banking rules, and this could result in customers putting money in unsuitable investments that could cause them more harm than good.
