Banks say they will discipline staff who mis-sell to customers

DBS, OCBC and UOB say any acts of mis-selling of unsuitable products to customers will not be tolerated

DBS, OCBC and UOB are unison in their positions that any acts of mis-selling unsuitable products to customers will not be tolerated.

If a bank employee tries to sell you an investment product without first checking on your needs, risk appetite and financial state, just say no. Employees who push financial products without knowing a person’s background are breaking banking rules, and this could result in customers putting money in unsuitable investments that could cause them more harm than good.Easy access any time via ST app on 1 mobile deviceResend verification e-mail

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