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  1. HK guarantees all bank deposits

    Posted Oct 15th 2008, 12:00am by Staff Reporter

    ... Maria Chan Blanket protection for savers, recapitalisation fund set up to boost faith in city banks The Hong Kong government will guarantee all bank deposits for two years and provide more ... guarantee the deposits of all 28 local banks, amounting to about 228.4 billion patacas. Hong Kong Monetary Authority chief executive Joseph Yam Chi-kwong said the fact other governments had already ...

    http://www.scmp.com/article/656315/hk-guarantees-all-bank-deposits
  2. Bank sued over HK$59m deposit

    Posted Sep 27th 2008, 12:00am by Staff Reporter

    ... Peter Brieger Well-known horse owner Eugene Chuang Yue-chien has sued Bank of East Asia to retrieve a HK$59 million deposit that he paid as collateral for a bank loan, according to a writ filed in the High Court this week. The collateral was no longer required under Mr Chuang's contract with the bank, but it had not promptly released the funds, the writ said. No other ...

    http://www.scmp.com/article/654195/bank-sued-over-hk59m-deposit
  3. Bankers' losses covered, profits are theirs to keep

    Posted Apr 13th 2010, 12:00am by Jake Van Der Kamp

    ... is our money? It was guaranteed. Don't laugh. This is very much what we have with our government's proposal to raise deposit protection from HK$100,000 to HK$500,000 per bank per person ... with Jake van der Kamp But it will now take until 2018 to collect the HK$2.8 billion needed to insure depositors at each bank for up to HK$500,000. SCMP, April 10 Imagine ...

    http://www.scmp.com/article/711312/bankers-losses-covered-profits-are-theirs-keep
  4. PBOC slashes rates, reserves of small banks

    Posted Sep 16th 2008, 12:00am by Cary Huang

    ... to 7.2 per cent. Benchmark deposit rates will remain unchanged with the one-year rate at 4.14 per cent. The central bank said reserve requirements on all but the Big Four lenders would be cut ... and the benchmark one-year deposit rate six times since August that year. Yesterday's cut also marked a partial reversal of a steady stream of increases in required reserves which the central bank ...

    http://www.scmp.com/article/652781/pboc-slashes-rates-reserves-small-banks
  5. The Ascent of Money

    Posted Nov 16th 2008, 12:00am by Sean Kennedy

    ... of explaining how simply money supplies can come unravelled. He cites Harvard Business School, where first-year students watch while a 'notional' US$100 is deposited with a bank and then goes back into circulation. After three deposits, the US$100 has turned into US$271 (cash in circulation plus demand deposits). It is established banking practice, but it comes unstitched ...

    http://www.scmp.com/article/660354/ascent-money
  6. HKMA unaware of yuan curb measures

    Posted May 27th 2008, 12:00am by Staff Reporter

    ... to buy more than 20,000 yuan (HK$22,500) a day, but they could still convert up to 20,000 yuan from different banks the same day. 'I don't think it will speed up yuan deposits ... were not attractive. However, yuan deposits in Hong Kong had slowed after the spread widening earlier this month, he said. Separately, Mr Yam expected regulators and individual banks would have ...

    http://www.scmp.com/article/639165/hkma-unaware-yuan-curb-measures
  7. Lai See

    Posted Nov 29th 2008, 12:00am by Ben Kwok

    ... Ben Kwok Guarantees come at a price... bank on it Nothing is guaranteed in life, especially when it comes to bank deposits. Our article earlier this week about Henderson Land vice chairman Colin Lam Ko-yin warning staff about six exceptions to the government's deposit protection scheme prompted one concerned reader to check the security of his bank accounts. 'Lo ...

    http://www.scmp.com/article/661919/lai-see
  8. Minsheng Bank to focus on credit risks as bad-debt provisions rise

    Posted Aug 27th 2008, 12:00am by Staff Reporter

    ... credit-risk management and push the growth of its deposit and fee income businesses to boost earnings. Minsheng Bank also said it had investments of US$226.95 million in bonds issued by United States ... Maria Chan China Minsheng Banking Corp, the mainland's first privately owned lender, says it will continue to strengthen its credit risk management to safeguard asset quality ...

    http://www.scmp.com/article/650396/minsheng-bank-focus-credit-risks-bad-debt-provisions-rise
  9. Charitable face of banking revealed amid heroism and selflessness

    Posted Jan 01st 2005, 12:00am by Staff Reporter

    ... yesterday pointed that donors need to double check the authenticity of the charity bank accounts listed in emails they may receive. She cited past cases where people have made deposits according to instructions from such emails, only to discover later that they were bogus accounts set up by scammers. To ensure your donation reaches the needy, the safest way is to deposit it into bank ...

    http://www.scmp.com/article/483883/charitable-face-banking-revealed-amid-heroism-and-selflessness
  10. Police called as crowds storm Indian bank

    Posted Jul 27th 2004, 12:00am by Amrit Dhillon

    ... Amrit Dhillon in New Delhi Police in Mumbai had to control large crowds of customers of the Global Trust Bank (GTB) yesterday as they swarmed branches and ATMs to withdraw money following the failure of the private bank. Despite reassurances by the Reserve Bank of India that their money was safe, panic gripped GTB's almost one million customers at the weekend when the government ...

    http://www.scmp.com/article/464425/police-called-crowds-storm-indian-bank

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