The Star Online, 6 Nov 2008, JOSEPH CHIN
PETALING JAYA: DBS Group Holdings Ltd estimates that it will have to pay out between S$70mil to S$80mil in compensation to investors in Singapore and Hong Kong for losses on structured notes tied to failed Lehman Brothers Holdings Inc.
In a press statement, DBS said yesterday since the collapse of Lehman Brothers on Sept 15, it was deeply concerned about DBS customers in Singapore and Hong Kong who had invested in the structured products as a reference entity.
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