• Thursday
  • October 23, 2014
  • Last updated: 10:04pm
Hong Kong




Refine Your Search

Sort by

Related Keywords

Search Results

Results 1 - 10 of 1474 for bank deposits

Related topics matching your search

Search results

  1. 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 ...

  2. No free lunches on the menu as banks begin battle for deposits

    Posted Aug 27th 2005, 12:00am by Staff Reporter

    ... in a month- banks have kept up their campaigns to attract cheap deposits from which to fund gradually increasing loan demand. The pressure is most acute for lenders with smaller deposit bases with some having already raised fixed deposit rates in a bid to draw in new funds. Standard Chartered Bank this week announced, for instance, that it would offer 3.5 per cent interest on a six-month ...

  3. Business - Banking & Finance - EARNINGS

    HSBC and StanChart pin growth hopes on rate rises

    Posted Aug 11th 2014, 03:56am by DON WEINLAND

    ... the two banks posted disappointing, albeit widely anticipated, declines in profits last week. HSBC reported a 12 per cent drop in profits before tax in the first half to US$12.3 billion. Standard ... banks. But Standard Chartered chief executive Peter Sands and his HSBC counterpart, Stuart Gulliver, would like investors to wait as the banks tiptoe through a period of historically low interest ...

  4. Business - Banking & Finance - EARNINGS

    Long, hard road ahead for HSBC and StanChart

    Posted Oct 20th 2014, 05:05am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com After poor first-half results and hefty US fines, crises in Africa and the Middle East dampen prospects for the two banking giants A long, hard road ... US agencies saddled the banks with hefty fines, a stiff reminder that the toughening compliance landscape would not relent in the second half of the year. HSBC said it would fork out more ...

  5. Lenders raise deposit rates

    Posted Mar 31st 2006, 12:00am by Staff Reporter

    ... Maria Chan Leading lenders, including HSBC and Hang Seng Bank, have raised their time deposit rates but the adjustments mainly cover short-term accounts. HSBC and Hang Seng raised ... Chartered Bank lifted its interest rates for deposits of $150,000 but less than $500,000 held for one week to two months by 0.05 to 0.125 percentage point. The new rates now range from 2.75 per cent ...

  6. HSBC, Citi units slash yuan deposit rates

    Posted May 23rd 2009, 12:00am by Staff Reporter

    ... Maria Chan The mainland units of both HSBC Holdings and Citigroup have cut their yuan medium-term deposit rates by more than half - and well below the central bank's benchmarks ... market-driven under the influence of foreign banks. HSBC Bank (China) reduced its two-year time deposit rate to 1 per cent, compared with the People's Bank of China's base rate of 2.79 per ...

  7. Rich get richer on new time deposit rates

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

    ... Maria Chan Small depositors are once again losing out to those with larger deposits, as several leading lenders shift more aggressively towards a tiered deposit structure that rewards the 'haves' and penalises the 'have-nots'. Most leading banks yesterday adjusted their time deposit rates. HSBC and Hang Seng Bank lifted rates for most levels of deposits below $1 million ...

  8. Business - Comment - LAI SEE

    HSBC distances itself from David Eldon's blog

    Posted Oct 15th 2014, 05:11am by Howard Winn

    ... Howard Winn David Eldon's blog last week has attracted some attention. This is because Eldon is well-known as a former chairman of Hong Kong and Shanghai Banking Corp until his ... of an altogether more popular person in the shape of Carrie Lam." Eldon returned to banking in 2011 and currently holds the positions of non-executive chairman of HSBC Bank Middle East, HSBC Bank Oman ...

  9. Most coveted rental: the safety deposit box

    Posted May 02nd 2004, 12:00am by Chris Oliver

    ... Chris Oliver Don't bother dragging your valuables out from under the mattress just yet- because you'll face a wait of up to eight years to get your hands on a bank safety deposit box. Hong Kong banks have revealed that they have some of the highest occupancy rates for safety deposit boxes anywhere in the world. At Hang Seng Bank you'll pay $10,000 a year for its ...

  10. 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'. ...




SCMP.com Account