The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN
SUBSCRIBERS

SingTel fire: banks look for answers, not damages

Published Wed, Oct 16, 2013 · 10:00 PM
Share this article.

[SINGAPORE] Even as SingTel launches an independent board committee of inquiry to look into last week's fire, two banks - DBS and OCBC - will not be seeking compensation for the resulting service disruptions.

According to OCBC's head of group technology services, Eugene Lau, no compensation is being sought as the impact on OCBC was minimal, because of how the bank has designed its network.

UOB, which had two branches affected by the service disruption last week, declined to comment on the matter of compensation yesterday.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

New Articles

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here