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  1. Safe deposit box rules unfair, says watchdog

    Posted Nov 16th 2004, 12:00am by Vivienne Chow

    ... The Consumer Council yesterday criticised banks for providing harsh contract terms for safe deposit boxes and insufficient relevant information for customers. The criticisms came after a council's survey found 16 of the 21 banks approached contained statements in their contracts on safe deposit boxes that they would not be liable for any loss or damage. The survey - conducted ...

  2. Interest cut for elderly prompts warnings

    Posted Aug 09th 2004, 12:00am by Elaine Wu

    ... with banks.' Iman Fok Tin-man, an organiser at the Society for Community Organisation, said most of the elderly she had helped kept their money in fixed-deposit accounts. 'Many elderly rely ... special interest rates to the elderly. The Bank of China is the only one that continues to do so. Anyone who is 55 years or older and has a fixed-deposit account of $30,000 or more can qualify ...

  3. Land-banking paying more than deposits

    Posted Jan 04th 2004, 12:00am by Chris Oliver

    ... 'A lot of people invest with us because of the potential return,' she says. 'Bank deposits are giving 0.1 per cent yearly, while land banking means potentially much higher ... new real-estate scheme in the midst of the flat Canadian prairie. Unit sales in projects marketed by the Canadian land-banking giant Walton International Group have nearly doubled in the past ...

  4. Depositors pay the price as lenders show little interest

    Posted Dec 18th 2004, 12:00am by Staff Reporter

    ... they see these days. There are now so many options to bank deposits, some with more or less the same risk levels, that the problem is picking the one with the best returns. We have talked about ... I propose we turn to our business community for a change, given that Hong Kong banks this week yet again showed us a perfect example of how to say no to America. Mindful of the $16 billion aggregate ...

  5. Air China angers activists over IPO deposit risk with parent

    Posted Dec 06th 2004, 12:00am by Annette Chiu

    ... with the 'non-bank finance company'. For the three years to the end of 2003, it deposited 2.35 billion yuan with CNAF. Air China has a 42.5 per cent stake in the lender. Its parent, China National ... deposit up to five billion yuan- more than 65 per cent of its initial public offering proceeds- with a firm that provides services to its parent has drawn fire from corporate governance activists. ...

  6. HKMC bond targets bank deposits

    Posted May 25th 2004, 12:00am by Enoch Yiu

    ... programme to tap money being switched from bank term deposits because of low interest rates. Subscriptions for the first issue, to raise between $800 million and $1.2 billion, can be lodged through ... to institutional investors. However, HKMC executive director Norman Chan Tak-lam said people with bank time deposits had emerged as a key market. 'Our market surveys have suggested time depositors ...

  7. PBOC move designed to pull in bank deposits, not rein in economic growth

    Posted Nov 02nd 2004, 12:00am by Mark O'Neill

    ... as overheated and is pleased with current growth levels. What prompted it to raise rates was a worrying fall in the growth of personal bank deposits as rising inflation pushed real interest rates ... putting their money into bank deposits, lenders are deprived of their most important source of funds. Banks short of capital could have liquidity problems that delay reform efforts. They could ...

  8. DBS Bank offers explanation for safety deposit box fiasco

    Posted Oct 29th 2004, 12:00am by Paggie Leung

    ... PAGGIE LEUNG Updated at 6.36pm: The destruction of 83 safety deposit boxes at DBS Bank Mei Foo branch earlier this month was due to human error and a lack of formalised procedures, ... had reached a settlement over their losses. Early this month, 83 safety deposit boxes were mistakenly sent to a scrapyard. The incident generated considerable publicity and outraged bank ...

  9. Bank deposits still unattractive

    Posted Oct 30th 2004, 12:00am by Staff Reporter

    ... to the bank to transfer deposits just because of such a minor rise,' said Ms Ma, 25, a public relations worker. She had earlier invested 40,000 yuan in bonds issued by China Merchants Bank, which ... to reverse a seven-month-long decline in the growth of savings on the mainland. The central bank has chipped away at interest rates over the past two decades, lowering one-year deposit rates eight ...

  10. Bank junks deposit boxes in renovation blunder

    Posted Oct 06th 2004, 12:00am by Peter Michael

    ... Peter Michael DBS faces million-dollar payout after customers' valuables are thrown away and crushed A Hong Kong bank has blamed human error for an embarrassing blunder- expected to cost millions- in which 83 safe deposit boxes and their contents were discarded as scrap metal. DBS Bank (Hong Kong) officials yesterday admitted the boxes had been mistakenly scrapped during ...




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