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  • August 20, 2014
  • Last updated: 1:33pm
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  1. Business - Companies

    Former UBS banker finally gets his just rewards

    Posted Sep 13th 2012, 12:00am by Bloomberg

    ... Bloomberg in Washington Bradley Birkenfeld awarded US$104m for informing IRS of plans to cheat them Former UBS banker finally gets his just rewards Bradley Birkenfeld, the former UBS banker who went to prison after telling the United States Internal Revenue Service how the bank helped thousands of Americans evade taxes, secured a whistle-blower award of US$104 million, ...

  2. A note to the banker-bashers

    Posted Apr 16th 2012, 12:00am

    ... Philippe Espinasse moneypost@scmp.com Banker-bashing is in fashion. After all, the excesses and collapses of Bear Stearns, Lehman Brothers and RBS crystallised the subprime crisis ... Many people would like to get a piece of the wealth and power that investment bankers seem to personify. But few would survive the brutal, Stakhanovite work ethic, or the aggressive environment ...

  3. Jailed banker 'borrowed huge sum to buy shares'

    Posted Apr 27th 2012, 12:00am

    ... HK$23 million. It is the largest insider dealing case ever in Hong Kong in terms of the money involved and the toughest sentence in such a case. As a Morgan Stanley banker in 2007, Du had helped ...

  4. Bankers not happy with share bonuses

    Posted Mar 28th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Hong Kong bankers are unimpressed by their employers' plan to offer shares as an alternative to cash bonuses. They rate it only slightly higher than free ... staff compensation to long-term performance. The public is unlikely to be sympathetic to bankers, however, given they have long been the targets of popular anger over their bonuses. Last month ...

  5. HK bankers brace for lower bonuses

    Posted Jan 09th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Hong Kong bankers are bracing for smaller year-end bonuses due to weaker business in the second half of last year and this year's bleak economic ... That is fairly high compared to other financial hubs such as London, where bankers expect 24 per cent, he said. Astbury Marsden found that the average basic pay for investment banking and fund management ...

  6. Top bankers' salaries rise by up to 25pc

    Posted Dec 16th 2011, 12:00am

    ... 'Generally banks are keener to invest in their teams in Asia than in Europe and the US and that has meant a bigger boost for Hong Kong bankers' base pay,' said Mark O'Reilly, managing ...

  7. Bankers get dressed up for charity

    Posted Dec 20th 2011, 12:00am

    ... Jennifer Cheng jennifer.cheng@scmp.com The banking industry faced a challenging year, but that did not stop UBS trading floor staff pausing to reflect on the true meaning of Christmas and doing their bit to help those facing more pressing hardships in Hon ...

  8. Singing bankers hit a new high note

    Posted Dec 15th 2011, 12:00am

    ... Chloe Lai chloe.lai@scmp.com Staff at Morgan Stanley have raised an impressive HK$2.45 million for Operation Santa Claus, setting a new record for the largest single donation to the holiday fund-raising campaign, now in its 24th year. 'This is a reco ...

  9. Domestic loan levels apply to foreign banks, says regulator

    Posted Feb 02nd 2008, 12:00am by Staff Reporter

    ... foreign lenders that are incorporated locally, warning [them to] be careful about lending risks amid austerity measures,' China Business News quoted sources as saying. One Hong Kong banker ... in the first half and then have them come back asking for additional lending permission,' the banker said. Using up all their quota early would 'also make the credit-tightening policy less ...

  10. Bankers seek a new balance

    Posted Nov 21st 2009, 12:00am by John Cremer

    ... organised by the Hong Kong Institute of Bankers (HKIB). The event, on November 26 at the Convention and Exhibition Centre, has been titled 'Ride on the Global Recovery- The Strategies ... altered regulations were likely to affect day-to-day operations. 'This conference is quite different because we will talk about shorter-term strategies and how bankers should react to local ...




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