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  1. 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 ...

  2. Deposit protection body eyes spot checks on banks

    Posted Jul 06th 2009, 12:00am by Staff Reporter

    ... Maria Chan The government-appointed Hong Kong Deposit Protection Board wants the power to make spot checks on banks in the wake of the Lehman Brothers minibond scandal. The proposal ... had made proper representations to customers about whether or not their money was covered by the deposit protection scheme. 'Our staff could test the banks' sale process without ...

  3. Sichuan firm buying deposits of key metal

    Posted May 04th 2010, 12:00am by Howard Winn

    ... Howard Winn A privately owned Chinese company is poised to take control of two of the world's biggest deposits of a key metal. Sichuan Hanlong, little-known outside the mainland, ... cent stake in United States-based General Moly as a prelude to becoming the controlling shareholder. Part of that deal will see Hanlong provide a bank loan guarantee to General Moly for US$665 ...

  4. RBS will give China operations to DBS

    Posted Dec 16th 2010, 12:00am by Lulu Chen

    ... accounts and deposits to DBS. Clients who wanted to hold their savings or structured deposits to maturity could do so, but the bank would not provide roll-over services once a product reached maturity, RBS said. If all accounts moved, DBS deposits would rise by US$900 million, not a significant sum compared to the bank's deposit base on the mainland, which is estimated at US$18 ...

  5. Construction Bank buys AIG unit for US$70m

    Posted Aug 13th 2009, 12:00am by Staff Reporter

    ... insurance subsidiary, American International Assurance. AIG Finance operates as a restricted licence bank offering financial services including time deposits, mortgages, private car loans, premium ... Fulton Mak China Construction Bank Corp is buying a unit of financial conglomerate American International Group for US$70 million, its first acquisition outside the mainland in about three ...

  6. Hang Seng raises yuan interest stakes

    Posted May 06th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong Move to offer higher return of 0.8pc on fixed deposits with a six-month tenure follows a rise at umbrella bank HSBC Hang Seng Bank will become Hong Kong's first lender to introduce a yuan fixed-deposit product with a term longer than three months, amid intensifying competition in Hong Kong's fledgling yuan banking segment. The bank yesterday unveiled ...

  7. Banks assign investing zone for retail clients

    Posted Oct 03rd 2009, 12:00am by Staff Reporter

    ... are simply an alternative to time deposits. Since July, banks have also been required to keep audio recordings of sales conversations with customers. Most banks have signs differentiating their general banking area, where customers deposit or withdraw money, from their investment zones. Banks have to conduct a suitability test on investors before any sale can proceed, even though ...

  8. CDB moves closer to full commercial bank status

    Posted Dec 17th 2008, 12:00am by Martin Zhou

    ... Household savings account for up to half of all mainland bank deposits, according to government statistics. A CDB spokesman was not available for comment yesterday. 'Though I believe ... Martin Zhou in Beijing China Development Bank, the country's strongest policy bank, took another step in its transformation into a full commercial bank status yesterday by officially ...

  9. Hong Leong launches Islamic banking service

    Posted Aug 18th 2008, 12:00am by Staff Reporter

    ... banking service in Hong Kong, it said. 'The first transaction under the newly launched Islamic banking 'window' is expected to be a Commodity Murabahah Deposit (CMD) of about US$100 ... investors from receiving interest although it allows profit-sharing. CMD is the closest equivalent to a certificate of deposit in conventional banking. Murabahah means cost plus mark-up, so ...

  10. Banks' profiling tests nothing more than a marketing tool

    Posted Jul 20th 2010, 12:00am by Enoch Yiu

    ... Collar's experience such profiling is next to useless. When I visited one bank a few years ago to organise a time deposit, I was asked to consider an alternative that could give me a higher return- ... Enoch Yiu The so-called investment profiling test offered by banks to customers appears to be nothing more than a marketing tool that allows people to feel good about investing in some ...




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