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Articles tagged with: Accumulator

Written By: Tiang Chuan on December 13, 2012 No Comment

The High Court awarded well-known Taiwanese scientist Dr Chang Tse Wen US$49m in damages plus interest and legal costs for his losses suffered through financial products known as Accumulators bought from Deutsche Bank as a result of negligent advice.

Dr Chang made $118m from his work on the asthma drug Xolair after [...]

Written By: Tiang Chuan on August 7, 2011 No Comment

The notorious Accumulators, also known “I Kill You Later”, are in the news again. An 88 year old Indonesian businessmen has sued a bank for US$17m for losses in Accumulators linked to currencies.

As usual, the bank has claimed that the plaintiff has “extensive experience in a wide range of investment products, [...]

Written By: Tiang Chuan on October 27, 2010 No Comment
Scientist’s Suit Against Deutsche Bank Moves to High Court

The lawsuit between renowned Taiwanese scientist Dr Chang Tse Wen and Deutsche Bank has began in the High Court. The case was first report in The Straits Times on 03th September 2009. Dr Chang is suing Deutsche Bank for breach of legal duties and misrepresentation after the bank sued him for [...]

Written By: Tiang Chuan on September 3, 2009 No Comment

Just after posting on The Return of Accumulators, The Straits Times today reported that a well-known scientist is suing Deutsche Bank for breach of legal duties and misrepresentation.

For a period of 4 months between November 2007 to February 2008, 34 accumulator contracts involving 4 banks,  Citigroup, UBS, Societe Generale [...]

Written By: Tiang Chuan on September 2, 2009 No Comment

Just like what Arnold Schwwarzenegger promised in the science fiction thriller The Terminator, Accumulators are back!

The Straits Times carried a report “‘Killer’ stock derivatives make comeback” on 01 Sept 09 edition of The Straits Times. The original article was report by Wall Street Journal which can be found here. [...]

Written By: Tiang Chuan on November 7, 2008 6 Comments
How does a Share Accumulator Structured Product Work

The Strait Times reported today that an Indonesian couple has sued UBS Singapore for losses in currency derivatives called Accumulators. Accumulators can be linked to shares, currencies or commodities. This form of structured product has also caused Citi Pacific to potentially lose US$2 billion when the Australian dollar plunged against the US dollar recently. It [...]

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