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  • November 27, 2014
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  1. Bankers could face public probe

    Posted Nov 12th 2008, 12:00am by Ambrose Leung

    ... as some top bankers could be summoned to testify before the legislature if lawmakers decide to invoke their special powers to probe the Lehman Brothers saga. Sensitive papers concerning ... said. With the resolution expected to pass, lawmakers will be able to summon witnesses and documents. Bankers were concerned that their commercial secrets would be exposed, while officials ...

  2. Legco votes for inquiry into banks' handling of Lehman Brothers investments

    Posted Nov 13th 2008, 12:00am by Ambrose Leung

    ... the legislature's special powers to summon officials, bankers and documents as early as next month, sources close to bankers said grey areas in the law might allow them to withhold information ... and Privileges) Ordinance was passed with overwhelming support. Despite hard lobbying by officials and bankers against it, the vote was carried 27 to one among directly elected lawmakers, and 20 to three ...

  3. Tsang targets fairway deal makers

    Posted May 20th 2006, 12:00am by Ambrose Leung

    ... is not something achieved through a shake of hands or a bit of eye contact. It is too shallow.' At a lunch last month Mr Tsang launched a surprise attack on bankers for playing golf and getting massages in Thailand rather than working through the Easter long weekend. Mr Tsang repeated his belief that local bankers should be more proactive in embracing opportunities offered by the opening ...

  4. Minibonds meeting ends in recriminations

    Posted Nov 08th 2008, 12:00am by Ambrose Leung

    ... Ambrose Leung A meeting between bankers and lawmakers over how to resolve the Lehman Brothers minibonds saga ended with complaints on both sides yesterday, with some politicians saying ... accept the bankers' culture of chatting in a clubhouse,' Mr Kam said. 'Unlike a social function, such an important issue must be discussed over a conference table.' Financial ...

  5. Legco likely to pass bill on minibond investigation

    Posted Nov 11th 2008, 12:00am by Ambrose Leung

    ... seemed to increase the likelihood the step would be taken, with some officials privately admitting that the inquiry was a foregone conclusion. But bankers- who would probably be summoned before ... resources away,' Dr Li said. Other bankers voiced similar concerns in a full-page advertisement posted in local newspapers yesterday. Saying many minibond holders seeking compensation had ...

  6. Bank chief honoured

    Posted May 31st 2005, 12:00am by Ambrose Leung

    ... Ambrose Leung Watched by Japan's consul-general in Hong Kong, Takanori Kitamura, banker David Li Kwok-po receives a Japanese government honour yesterday. Mr Li, Bank of East Asia's chairman and the banking sector's representative in the legislature, was presented with the Order of the Rising Sun, gold rays with neck ribbons, at the consul-general's ...

  7. Antony Leung defends derivatives

    Posted May 06th 2009, 12:00am by Ambrose Leung

    ... as monitoring improved, with bankers 'knowing their customers', recent blunders where banks were accused of selling the complex investment products to the elderly or the mentally disadvantaged ...

  8. Christmas cheer to sour on wave of job losses

    Posted Nov 09th 2008, 12:00am by Ambrose Leung

    ... member at CASH Asset Management said the company laid off 30 per cent of the staff, or 40 people, on Friday. Bankers responsible for helping companies list on the stock market appear vulnerable, ...

  9. Patten urges Keynesian intervention

    Posted Nov 03rd 2008, 12:00am by Ambrose Leung

    ... by and large true.' On top of making a speech at the University of Hong Kong, attending a bankers' conference and promoting his new book What Next? Surviving the 21st Century, Lord Patten ...

  10. Tsang regrets he skipped needs of small businesses in policy address

    Posted Oct 18th 2008, 12:00am by Ambrose Leung

    ... together.' It was not the first time Mr Tsang had clashed with the business sector. During a lunch with bankers in April 2006, he criticised them for 'playing golf' rather than seeking ...




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