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  • August 30, 2014
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  1. Accounts and interest

    Posted Mar 10th 2008, 12:00am by Sophie Paine

    ... Money is written by Sophie Paine, who teaches students financial literacy at www.aandbmake3.com Current account: is the most basic bank account. It is useful for managing your money daily, like taking cash from the ATM, depositing cheques or payslips and paying the bills. Checking account: is the American English word for current account. Savings account: is an account which ...

  2. Company profile- Bank of China

    Posted Jun 11th 2007, 12:00am by Staff Reporter

    ... Bank of China's principal activity is to provide financial services covering banking, investment banking and insurance. It provides commercial banking services to individual and corporate customers. The bank operates through three principal lines of business: commercial banking, investment banking and insurance. The commercial banking includes deposit-taking, lending, ...

  3. Banks on privacy watchdog's radar

    Posted Dec 22nd 2011, 12:00am

    ... a policy of keeping bankruptcy data for as long as 99 years. The abuses show the protection of privacy is still far from adequate. When customers deposit money in a bank, they trust ... exposed similar violations in the banking sector, with some companies selling personal information for telemarketing purposes without their customers' consent. The recent revelation that some ...

  4. Losing investors told to stop beating gongs outside bank

    Posted Apr 22nd 2011, 12:00am

    ... as a result of the collapse of Lehman Brothers. Lawyers for the bank said its employees also suffered financial losses because a customer who had wanted to deposit HK$1 million was scared away when he ... Austin Chiu A court yesterday ordered two unhappy investors, who protested against their financial losses by throwing 'hell money' and loudly hitting gongs outside a bank ...

  5. Payouts likely to be made via bank accounts

    Posted Mar 05th 2011, 12:00am by Gary Cheung

    ... Gary Cheung and Fanny W. Y. Fung The government may distribute the HK$6,000 cash handout through personal bank accounts because of lower administrative costs, a person familiar ... recipients' own bank accounts because of lower costs. 'To avoid duplicating disbursement to people with more than one bank account, government departments, such as the Immigration Department, ...

  6. Mainland banks may soon manage pension funds

    Posted Jun 28th 2007, 12:00am by Tom Miller

    ... needed? Administering a custodial role is a different skill from taking deposits and lending,' Mr Esson said. Only the Industrial and Commercial Bank of China, the Bank of Communications, ... Tom Miller in Beijing Beijing is drawing up plans to allow mainland commercial banks to branch out into pension fund management, opening another channel for lenders to diversify, according ...

  7. Banks under fire for closing branches

    Posted Jun 15th 2006, 12:00am by Staff Reporter

    ... for the elderly and the disabled, as they have to travel further to withdraw and deposit money. They used to be able to enjoy banking services at branches near their homes, but most have been ... Staff Reporter Legislators and social workers have accused the banking industry of shirking its social responsibility following the closure of more than 200 bank branches across the city ...

  8. Lender gives UK charities a pay day

    Posted Apr 06th 2006, 12:00am by Enoch Yiu

    ... Morning Post. That is where the Charity Bank comes in. It has a full banking licence in Britain and receives deposits like other commercial banks. Depositors putting money in the bank for five years enjoy a tax break of 5 per cent per year, meaning a real interest rate gain of about 8 per cent, which they are also encouraged to donate to charity. The bank's deposits stood ...

  9. Investors call for privacy protection

    Posted Oct 20th 2008, 12:00am by Joyce Man

    ... years ago, the Bank of China targeted him after discovering his deposits were close to maturity. He invested HK$520,000 in Lehman-guaranteed minibonds. 'I still don't know what ... Joyce Man The privacy commissioner should review banks' use of customer account information to guide sales of investment products, respondents to a survey say. In a survey of 517 ...

  10. Investment curbs lifted on enterprise annuities

    Posted Feb 08th 2007, 12:00am by Staff Reporter

    ... Security has required pension funds to invest at least 20 per cent of their assets in time deposits, central bank notes and money market funds, up to 50 per cent in treasury bonds, term deposits ... the first, at least 20 per cent segment into bank deposits because of the restriction, a fund management company source said. At present, more than 90 per cent of the companies creating enterprise ...




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