Hong Kong Court Rules Against OCBC Unit in Mis-Selling Case

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  • 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.

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