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The ongoing legal tussle between tycoon Oei Hong Leong and Citibank was reported in the Prime News section in today’s edition of The Straits Times. Such lawsuits have been reported in the past and more such lawsuits can be expected after the market meltdown, according to The Straits Times.
From our conversations with High Networth Individuals (HWI) with accounts in private banks, unlike Mr Oei who is a savvy investor, many of them don’t have the faintest idea on what they are buying into. Scores of HWI investors have been burned badly in this crisis, many of them suffering far worse loses then retail investors. The reason was leverage. Read more...[caption id="attachment_2758" align="alignright" width="150" caption="Photo by eva101"][/caption]
The ongoing legal tussle between tycoon Oei Hong Leong and Citibank was reported in the Prime News section in today’s edition of The Straits Times. Such lawsuits have been reported in the past and more such lawsuits can be expected after the market meltdown, according to The Straits Times.
From our conversations with High Networth Individuals (HWI) with accounts in private banks, unlike Mr Oei who is a savvy investor, many of them don’t have the faintest idea on what they are buying into. Scores of HWI investors have been burned badly in this crisis, many of them suffering far worse loses then retail investors. The reason was leverage. Read more...
[/caption]
The ongoing legal tussle between tycoon Oei Hong Leong and Citibank was reported in the Prime News section in today’s edition of The Straits Times. Such lawsuits have been reported in the past and more such lawsuits can be expected after the market meltdown, according to The Straits Times.
From our conversations with High Networth Individuals (HWI) with accounts in private banks, unlike Mr Oei who is a savvy investor, many of them don’t have the faintest idea on what they are buying into. Scores of HWI investors have been burned badly in this crisis, many of them suffering far worse loses then retail investors. The reason was leverage. Read more...
