DBS Bank acted swiftly once it uncovered cases of mis-selling - It is compensating investors of High Notes 5, and at the same time, removing relationship managers responsible for inappropriate sales.

DBS consumer banking head Rajan Raju, told reporters on the sidelines of the High Notes 5 forum at Suntec City on Thursday that the bank has already started compensating investors.

'We have started the settlement process with some customers,' said Mr Raju, although he declined to reveal the exact compensation amount or the number of investors eligible for the settlement.

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