Hong Kong Court Rules Against OCBC Unit in Mis-Selling CaseBy
Elderly couple suffered losses between 2004 and 2008
Investments included accumulators, options, high-yield bonds
Hong Kong’s High Court ruled against Oversea-Chinese Banking Corp.’s private bank in a mis-selling case, saying the unit and a relationship manager had breached their contractual duty towards an elderly couple who lost money on investments made with ING Asia Private Bank.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.