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  • August 23, 2014
  • Last updated: 8:17am
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  1. Every cloud has a silver lining

    Posted Dec 10th 2011, 12:00am

    ... Nick Walker Is your Christmas budget precariously based on the bill that you hope your biggest client will settle in a few days' time, despite their record of tardy payment? If so, ... to their major trade partners in the United States and Europe. This, in turn, would reduce the need for financing,' Pande says. However, some companies may face delayed payments from their clients ...

  2. Rich clients spreading the wealth, PwC finds

    Posted Sep 06th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com In Asia, client loyalty does not come easily for private banking firms, especially after the huge losses investors experienced in the 2008 financial crisis. PricewaterhouseCoopers discovered this in a recent survey of 43 companies across eight Asian economies. In fact, 75 per cent of Asia's private banking clients have relationships with three or more financial ...

  3. Bank client's annoyance points to need for single financial regulator

    Posted Aug 24th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu We have all had those phone calls from the bank- someone trying to sell us an insurance policy or a pension scheme. This cross-selling of various financial products is how banks boost their profits these days. But here is a cautionary tale from ...

  4. Julius Baer fined HK$3m over lax client review

    Posted Jun 29th 2010, 12:00am by Enoch Yiu

    ... to classify its clients as professional investors. Julius Baer is licensed to provide services in Hong Kong only to professional investors. Under the local law, a professional investor needs to have an investment portfolio of at least HK$8 million and must have a certain amount of investment experience. Banks and brokers must conduct an annual review to determine if their clients' portfolios ...

  5. Communication with clients puts ABN Amro banker on top

    Posted Sep 23rd 2007, 12:00am by Chris Davis

    ... success. 'The key factor is always to communicate very clearly to clients and staff what we are doing, and not to shy away from our commitments.' The firm operates from a strong client-focused platform driven by professional staff and supported by track-proven processes crafted to produce results for clients. He said sustainable growth required attracting and retaining committed ...

  6. Bank teller jailed 21 months for raiding client's account

    Posted Jun 29th 2006, 12:00am by Staff Reporter

    ... Yvonne Tsui A Bank of China teller was jailed for 21 months yesterday for stealing $500,000 from a customer to settle debts on his 20 credit cards. The court heard that Jolly Cheung Kwok-leung, 31, forged the customer's signature to transfer the mone ...

  7. Disposal plan clouds $6.5b loan

    Posted Jul 04th 2006, 12:00am by Staff Reporter

    ... Tim LeeMaster PCCW's plan to seek a $6.5 billion loan is in jeopardy after banks queried how the money would be repaid following the potential sale of the company's media and telecommunications assets, according to market sources. 'It' ...

  8. Dark clouds over embattled economy

    Posted Jul 13th 2005, 12:00am by Peter Kammerer

    ... Peter Kammerer Key economic data reveals difficult times ahead for the Philippines- prompting credit agencies to lower their ratings and leading to a falling currency and weaker stock market. The Asian Development Bank has determined that the number of pe ...

  9. Banker jailed for forging signatures to move assets

    Posted Jun 26th 2012, 12:00am

    ... Joyce Man joyce.hyman@scmp.com A banker who used forged documents to move assets worth millions of dollars from a client's account was jailed yesterday for four years and eight ... of ING Asia Private Bank when she moved HK$500,000 and bonds worth 50 million yen (HK$4.82 million) from a client's account to help her husband and brother-in-law, the court heard. Choi had ...

  10. Iranian bank waits it out in HK

    Posted Aug 08th 2012, 12:00am

    ... but has been barred from taking new clients here since 2008. The South China Morning Post yesterday visited the Hong Kong office of Melli Bank and found it was business as usual for the staff ... other than returning money to our clients,' said Indian-born Abedi. The bank, which has a Hong Kong Monetary Authority licence, maintains it is waiting for clients to withdraw ...




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