DBS Bank, Hong Leong Finance and Maybank to give compensation

http://www.straitstimes.com/Breaking%2BNews/Money/Story/STIStory_293690.html

DBS said 4,700 customers in Singapore and Hong Kong invested S$360 million in these products. In Singapore specifically, 1,400 customers invested S$103 million in High Notes 5.

'We have found that a number of cases did not meet the standards DBS upholds and the bank will be compensating these customers with effect from tomorrow,' DBS said in a statement to the Singapore exchange.

It added that 'our initial expectation of the worst-case scenario whereby investors will lose their entire principal investment amount is likely to materialize.'.........