Tuesday, February 1, 2011
Citibank has misled investors
2/01/2011
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Citibank has offered thousands of investors with investments in supposedly conservative, while these products were not safe, said Saturday evening on VTM sp.a MP Hans Bonte. Deutsche Bank and Ethias have also proposed such investments.
"In their advertising, banks are talking about a starting capital protection and guaranteed interest rates. But you do not read that small print that the warranty does not come from the bank itself, but Lehman Brothers (American institution that went bankrupt in September, ed), "he said. According to Mr. Bonte, Citibank has sold a very attractive 14 products guaranteed by Lehman Brothers. She sent in the last days of letters to customers to warn them they could make a cross on their interests or their capital, "he said.
"In their advertising, banks are talking about a starting capital protection and guaranteed interest rates. But you do not read that small print that the warranty does not come from the bank itself, but Lehman Brothers (American institution that went bankrupt in September, ed), "he said. According to Mr. Bonte, Citibank has sold a very attractive 14 products guaranteed by Lehman Brothers. She sent in the last days of letters to customers to warn them they could make a cross on their interests or their capital, "he said.
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