A wealthy DBS client who says she was misled into buying high-risk derivatives told a court that a customer relations manager had said the government would intervene if the market fell drastically.Wednesday, 16 May, 2012, 12:00am
A wealthy DBS client who claims she was misled into buying high-risk derivatives said she was very cautious when signing business contracts, but never thought she would have to be on guard with her bank.
Hao Ting, a Beijing businesswoman who deals in energy and petrol, was testifying at the Court of First Instance yesterday.15 May 2012 - 12:00am
A customer relations manager at DBS Bank played up an investor's experience and invented details of her assets so he could report that a high-risk investment product was suitable for her, a court heard yesterday.10 May 2012 - 12:00am
Banks owe no duty to customers who have subscribed to investment products and made losses, the Court of First Instance was told yesterday.
Senior Counsel Jat Sew-tong made this argument on the second day of the hearing of a dispute between DBS Bank (Hong Kong) and wealthy investor Hao Ting in which the bank is seeking to recover HK$90 million from Hao.9 May 2012 - 12:00am
A wealthy mainland investor is being sued by a bank in Hong Kong for repayment of more than HK$90 million after she made losses on a high-risk investment product in the market crunch five years ago.8 May 2012 - 12:00am