Hong Kong investors claw back more Lehman losses
The Hong Kong arm of DBS bank, a Singaporean lender, will pay out $83.8m to customers who lost their investments on credit-linked notes related to Lehman Brothers when the bank collapsed in late 2008, the Hong Kong Monetary Authority (HKMA) said on Wednesday.
Under the agreement, reached by the HKMA, DBS and Hong Kong's Securities and Futures Commission, more than 60% of investors who bought Lehman Brothers-linked Constellation Notes will receive payment from the bank, without admission of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com