51% of FIDReC disputes filed against banks and finance companies
Remaining complaints were against life insurers and general insurers
Add BT as a preferred sourceSingapore
MORE than half the complaints filed with the Financial Industry Disputes Resolution Centre (FIDReC) for the financial year ended June 30 were against banks and finance companies.
During the period, FIDReC received 1,037 complaints, down from 1,266 the year before. It was the second straight year that the number of total complaints had crossed the 1,000 mark.
TRENDING NOW
High Court rejects bid to bring ST Engineering unit into trademark infringement suit over RSAF aircraft parts
Ex-Sakae director Ong Siew Kwee handed 10.5-year jail term for misappropriating S$15.8 million, lying in court
DBS sees choppy Q3 for STI as investors pivot from Singapore banks to listcos that are unlocking value
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
