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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 ...

    http://www.scmp.com/article/478279/safe-deposit-box-rules-unfair-says-watchdog
  2. Banks push up deposit rates after rate cut

    Posted Jun 09th 2012, 12:00am

    ... Jane Cai in Beijing, Anita Lam and George Chen Big mainland banks yesterday responded to an official cut in lending rates by raising deposit rates, underscoring intensifying competition as the central bank edges towards interest rate deregulation. In the first rate cut since 2008, the People's Bank of China on Thursday cut the benchmark one-year lending and deposit rates by 25 ...

    http://www.scmp.com/article/1003425/banks-push-deposit-rates-after-rate-cut
  3. Top banks raise deposit rates

    Posted Apr 08th 2005, 12:00am by Louis Beckerling

    ... Louis Beckerling Hong Kong's top four deposit-taking banks have raised interest rates offered on fixed-term deposits, but, even after adjustments ranging from five to 25 basis points, the new rates remain well below those offered by smaller banks. The biggest bank, HSBC, lifted its fixed deposit rates by 25 basis points across the board. It raised annualised interest paid ...

    http://www.scmp.com/article/495799/top-banks-raise-deposit-rates
  4. Business - Banking & Finance - BANKING

    Rising rents see banks reluctant to offer safe deposit boxes

    Posted Sep 17th 2012, 12:00am by Enoch Yiu

    ... cost of real estate makes banks reluctant to expand the service. A banker, who declined to be named, said banks did not want to install more safe deposit boxes as it was not a profitable business. "The rent in Hong Kong is so high that bank branch areas are very valuable," the banker said. "Deposit boxes take up a lot of space, so this is a type of business ...

    http://www.scmp.com/business/banking-finance/article/1038682/rising-rents-see-banks-reluctant-offer-safe-deposit-boxes
  5. Smaller banks join rush to higher deposit rates

    Posted Jun 12th 2012, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com Second-tier banks followed major lenders in offering higher deposit rates than the benchmark, boosting competition in the finance sector after a recent move towards interest rate deregulation. China Minsheng Banking Corp, China Merchants Bank and China Citic Bank were among other joint-stock lenders that raised deposit rates ...

    http://www.scmp.com/article/1003735/smaller-banks-join-rush-higher-deposit-rates
  6. HSBC to cut yuan deposit savings rates from today

    Posted Aug 09th 2011, 12:00am

    ... Enoch Yiu HSBC will cut its savings rate for yuan deposits to 0.25 per cent from today, down from 0.45 per cent. A bank spokesman said the cut was to move HSBC in line with the market as other banks had already made similar cuts in their yuan savings rates. Many local lenders cut their saving rates for yuan deposits in April after the People's Bank of China reduced ...

    http://www.scmp.com/article/975760/hsbc-cut-yuan-deposit-savings-rates-today
  7. 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 ...

    http://www.scmp.com/article/465924/interest-cut-elderly-prompts-warnings
  8. Smaller mainland banks struggle for deposits

    Posted Apr 04th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Pulling in deposits continued to be a struggle for mainland banks in the first two months of the year, according to bankers and analysts. Lenders, especially ... that offer much higher returns. The president of China Merchants Bank, Ma Weihua, speaking at the Boao Forum, said that mainland lenders continued to face challenges in attracting deposits. Liu ...

    http://www.scmp.com/article/997385/smaller-mainland-banks-struggle-deposits
  9. Banks struggling to attract deposits

    Posted May 30th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Hong Kong banks could come under pressure as deposit costs have been rising. A banker said this could hit their net interest margin (NIM), a measure ... at the bank's annual general meeting that it was among the many lenders in Hong Kong that had been aggressively seeking deposits in recent months with incentives such as higher interest rates. Though ...

    http://www.scmp.com/article/1002469/banks-struggling-attract-deposits
  10. Citic Bank sees rise in yuan deposits

    Posted Apr 16th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Citic Bank International, the offshore commercial banking arm of China Citic Bank, said yuan deposits increased in the first two months of the year, while many ... centre and growth in yuan trade settlements with the mainland, said Helen Kan, an executive general manager of CBI's retail banking group. Yuan deposits in Hong Kong fell nearly 10 per cent ...

    http://www.scmp.com/article/998352/citic-bank-sees-rise-yuan-deposits

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