Wednesday, July 14, 2010

DBS pays investors in Hong Kong

DBS Hong Kong to pay US$84 mln in Lehman settlement.  DBS Hong Kong, a unit of Singapore's DBS Group Holdings, will pay out a combined HK$651 million (US$84 million) to some buyers of Lehman Brothers constellation notes, the territory's financial regulator said Wednesday.
http://www.reuters.com/article/idUSHKU00007420100714

My view
I wonder if DBS will be offering some form of settlement to the investors of the High Notes in Singapore? It would be rather sad, if they compensated the HK investors and not the Singapore investors.