You are here


Don't shoot the ATM, it's just a distribution tool: banks

MAS says it hasn't uncovered any 'impropriety' by DBS in May 2016 sale of Hyflux securities

The three local banks - DBS Bank, OCBC Bank and United Overseas Bank - have been offering retail securities such as equity offerings, retail bonds and rights issues via their ATMs since 1993.


AS RETAIL investors cast about for someone to blame for their Hyflux woes, the ATM (automatic-teller machine) is the latest in the firing line.

But the ubiquitous ATM is just a distribution channel, said bankers. One pointed out that distribution is not the same as a sale...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to