DBS High Notes 5

My mind was not in peace recently, I have many doubts.

I do not know the role of MAS, Monetary Authority of Singapore.

Is the DBS, Development Bank of Singapore, is the National Bank of Singapore?

After the DBS High Notes 5 incident, can we put our trust in DBS and their future investment decisions and plans.

I believed people who deposits their money in their trusted bank is to earn the interest, and hope that it may help them to generate more money. And yet the bank just "gambles" the money away, and left nothing in their accounts. Many accounts are belong to retirees who long have a better living when reached their golden age.

Can we say that these people are greedy and so to invested in the "high-risk" funds. Or they were naive and simply put their trust to the bank, "the National Bank", and hope the bank could assist them in making more money in order to have a fruitful living in their golden age.

Should the MAS and the bank bare the responsibilities of the above incident, and make full refund to the retirees? --------------- In order to gain their trusts and also from many others, the bank should refund the money in full amount.

Do share your personal view with me.