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  • November 27, 2014
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Results 1 - 10 of 246 for certificate of deposit

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  1. Depositors pay the price as lenders show little interest

    Posted Dec 18th 2004, 12:00am by Staff Reporter

    ... is now offering four new tranches of certificates of deposit that pay annual interest rates of between 1.75 and 3.23 per cent. On offer until Christmas eve, the tranches come in US and Hong Kong ... there is no such thing as a free lunch and, as with everything else, independence comes at a price. Our lenders' decision to keep interest rates unchanged- savings deposit rate at 0.001 per cent and prime ...

  2. Six months' jail for bribery

    Posted Oct 16th 2009, 12:00am by Danny Mok

    ... Danny Mok A Korean businessman in Eastern Court yesterday was sentenced to six months in jail for bribing an HSBC assistant bank manager for helping him to redeem a false copy of a US$50 billion gold bullion certificate of deposit. Chin Soo-yong, 64, former chairman and managing director of PK Trading, was earlier found guilty of one count of offering an advantage to an agent ...

  3. New Products

    Posted Jul 20th 2003, 12:00am by Staff Reporter

    ... Dah Sing Bank has launched another HK$ retail certificate of deposit at up to 3.7 per cent interest. Minimum investment in the HK$1 million deposit is HK$50,000 for five years. The bank ... cent. International Bank of Asia has launched its second US dollar multi-callable certificate of deposit for retail investors. Minimum investment in the five-year US$5 million CD is US$50,000. ...

  4. Suspects tried to 'withdraw' US$108b

    Posted Nov 17th 2007, 12:00am by Staff Reporter

    ... Helen Wu Three people were accused of using false bank cheques and certificates of deposit- claiming they were issued in 1948- to try to withdraw more than US$108 billion from a bank, ... for the prosecution, said Woon and Lim took photocopies of certificates of deposit and cheques issued by Overseas Trust Bank in 1948 to a DBS bank in Wan Chai in April. Overseas Trust Bank was purchased by DBS ...

  5. Business - Banking & Finance - BANKING

    Beijing edges forward on easing rates controls

    Posted Nov 15th 2013, 03:10am by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com Launch of negotiable certificates of deposit seen as imminent, paving the way for market's role Beijing edges forward on easing rates controls The mainland's major banks are expected to launch negotiable certificates of deposit in the interbank market as early as this month, a key step in the deregulation of deposit rates. NCDs ...

  6. China clears money market fund

    Posted Oct 11th 2003, 12:00am by Staff Reporter

    ..., certificates of deposit, short-term bonds with less than 397 days to maturity, bond repurchases of less than a year, central bank bills and bank bills. The first money market fund was expected as early ... are open-ended and invest in high-liquidity, low-risk money market instruments - such as certificates of deposit, commercial paper and short-term bonds. Traded on secondary markets and allowing ...

  7. Business - Banking & Finance - BANKING

    Beijing to take next step in push for rate reforms

    Posted Aug 23rd 2013, 12:00am by Reuters

    ... to the central bank, people familiar with the development said. The NCDs, large-denomination certificates of deposit tradeable on the interbank market, would be offered with maturities from three to six ... Reuters Beijing to take next step in push for rate reforms The mainland's top banks are expected to win approval to issue tens of billions of yuan in negotiable certificates ...

  8. Business - Money - BONDS

    HSBC: dim sum debt sales could reach HK$448bn in 2013

    Posted Dec 19th 2012, 12:00am by Bloomberg

    ... yuan (HK$448 billion) next year as China's new leaders encourage use of the yuan in financial centres from London to Taipei, HSBC predicts. Yuan bond and certificate of deposit issuance ... as the centre of most of the business." Issuance of dim sum bonds and certificates of deposit will likely grow to between 280 billion yuan and 360 billion yuan next year, an HSBC report said last ...

  9. A US$108b bank swindle that just had to fail

    Posted Dec 11th 2007, 12:00am by Staff Reporter

    ... Yvonne Tsui Two Singaporeans and a mainlander were jailed yesterday for using false cheques and deposit certificates to try to withdraw more than US$108 billion from a bank. The District ... Woon was jailed for 30 months for his important role in the scheme, and Lim received an 18-month term. Prosecutor Peter Cahill said Woon and Lim took photocopies of certificates of deposit ...

  10. Business - Banking & Finance

    Banks told to match loan growth with stable funding

    Posted Oct 28th 2013, 04:33am by KANIS LI

    ... a portion of our customer deposits are backed by certificates of deposit, and from our assessment the new requirement will not have a significant impact on us." Some bankers said ... and certificates of deposit could be regarded as stable funds, the banker said, citing the document, and the required level of stable funds must be in place by February next year. The higher the loan ...




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