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  • October 22, 2014
  • Last updated: 5:31am
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  1. Two women sue bank over minibond losses

    Posted Jan 11th 2009, 12:00am by Staff Reporter

    ... Yvonne Tsui A 69-year-old woman and her daughter-in-law are seeking a full refund and damages from the Bank of China (Hong Kong) over their losses in Lehman Brothers minibonds. Chin Yee-ching, a retired woman living in Malaysia, and her daughter-in-law Chan Lai-mei, who lives in Po Shan Road, filed a writ in the High Court against Bank of China (Hong Kong) on Friday. The bank ...

  2. Business - Banking & Finance - BANKING

    China's boom in wealth management products makes economists fear

    Posted Dec 13th 2012, 12:00am by BLOOM

    ... are rising as banks, whose WMPs offer higher returns than benchmark deposit rates, try to dissuade households from moving their savings elsewhere. The sales are transforming the stable and cheap deposit base that has supported lenders into one that is "more mobile, expensive and short-term", creating repayment risks for smaller banks, Fitch said. "Some of those projects ...

  3. Money-market ETFs: an instrument for income

    Posted Apr 02nd 2012, 12:00am

    ... income. Money-market ETFs share many of the advantages seen on bank-offered term deposits, but with potentially superior yield. The concept is not new. For decades, investors have been buying ... better than bank deposits and, when markets are tanking, dullness can be a virtue. Money market ETFs can be particularly useful when an investor just wants to put his or her money ...

  4. Glitch closes all HSBC deposit machines

    Posted Apr 11th 2004, 12:00am by Patsy Moy

    ... Patsy Moy HSBC has been forced to suspend services at its 104 instant deposit machines after a technical problem meant customers who used the service on Friday saw their money 'disappear'. After using the machines, customers normally see the deposit credited to their account immediately. HSBC halted the service on Friday after spotting a 'technical difficulty'. ...

  5. Safety net unlikely for structured products

    Posted Sep 26th 2005, 12:00am by Staff Reporter

    ... in the second half of next year, according to market watchers. Raymond Li Ling-cheung, chief executive of the Hong Kong Deposit Protection Board, said it still had to consult the banking industry ... will insure customer deposits of up to $100,000 against loss while up to 84 per cent of depositors can be covered if a bank collapses. The record-low interest rates of the past few years opened ...

  6. Savings bank to expand into Guangdong

    Posted Aug 17th 2007, 12:00am by Staff Reporter

    ... Al Guo China Postal Savings Bank, the mainland's fifth-biggest commercial bank by deposits, has been given regulatory approval to set up branches in Guangdong province, allowing ... deposit services. It had 37,000 outlets at the end of last year- the most of all the mainland commercial banks- but more than 65 per cent of them were in rural areas. The new status would allow ...

  7. Bank to review security system

    Posted Mar 12th 2009, 12:00am by Staff Reporter

    ... Phyllis Tsang Bank of East Asia will review and enhance the security system for its safety-deposit boxes after police revealed a gang had stolen millions of dollars in assets from one ... in safety-deposit-box areas - control of access and closed-circuit television. 'From the case information, it seems that bank was allowing several people in the safe-deposit-box area at the same ...

  8. Banks' loan growth set to slow this year

    Posted May 24th 2011, 12:00am

    ... in the banking industry, if necessary. 'For some banks, we consider the pursuit to be overly optimistic in their assumptions in the growth of deposits, something my colleagues in the banking ... Lulu Chen lulu.chen@scmp.com Hong Kong banks have indicated they will slow loan growth for the rest of the year but some might have to moderate expansion even further because ...

  9. StanChart sees SMEs as the next front

    Posted Aug 29th 2005, 12:00am by Staff Reporter

    ... now at 3.5 per cent for priority banking customers. 'The competition will essentially shift towards small and medium-sized enterprises (SME) banking and deposit collection [in the second ... to move into them through their own deposits. If that's the case, then the deposit base of these banks would have been affected and they need to replenish this.' With the benchmark ...

  10. Business - Money - STOCK WATCH

    Stock Watch: Hang Seng Bank

    Posted Nov 12th 2012, 12:00am by KHOR UN HUN

    ... a bank's liquidity position. A high ratio means that there may not be enough liquidity for unforeseen withdrawals, and a low one could indicate that deposits are not being efficiently utilised. ... Brothers collapsed, they had assets of more than 40 times the equity on their balance sheets. Deposits are basically a loan to the bank from the depositor. Banks can easily increase their leverage ...




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