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  1. DBS may offer tiered rates on credit cards

    Posted Aug 14th 2003, 12:00am by Raymond Ma

    ... The lender is investigating options to reward good customers DBS Bank (Hong Kong) expects to offer tiered interest rates for its credit-card customers by the end of the year, according ... of a scheme to allow banks to share positive credit information of retail customers. The options being evaluated include a reduction on revolving interest charges and credit-card fees and an increase ...

    http://www.scmp.com/article/424673/dbs-may-offer-tiered-rates-credit-cards
  2. Wing Lung in card expansion plan

    Posted Jul 15th 2003, 12:00am by Raymond Ma

    ... Despite heavy losses just six months ago, the bank considers launching four more affinity products Wing Lung Bank is embarking on an ambitious plan to expand its credit-card portfolio by 10 per cent this year, just six months after taking heavy losses from enlarging its exposure to the high-risk consumer product. Wing Lung's credit-card centre chief,William Lui Sinn-kiu, ...

    http://www.scmp.com/article/421638/wing-lung-card-expansion-plan
  3. Better to seek advice early if you run into financial trouble, experts say

    Posted Aug 01st 2011, 12:00am

    ... Family Crisis Support Centre. If left too long, people tend to borrow more money to cover the old debt, digging themselves into a deeper hole. 'On top of credit card interest rates of 30 per ... Inability to pay credit cards or loans are currently the most common problem, she says, but often the underlying issue is gambling, overspending or addiction- afflictions that are driven by Hong ...

    http://www.scmp.com/article/975021/better-seek-advice-early-if-you-run-financial-trouble-experts-say
  4. StanChart battered by bankruptcies in HK

    Posted Aug 07th 2003, 12:00am by Raymond Ma

    ... finance director Peter Sands said in London. In Hong Kong, profits were battered by an 18.8 per cent fall in net interest income to HK$3.6 billion as the bank tightened its credit-card lending ... was up 5.9 per cent compared with the second half of last year. Credit card advances shrank by 9.4 per cent in the first six months, to HK$6.63 billion from HK$7.3 billion at the end of last ...

    http://www.scmp.com/article/424122/stanchart-battered-bankruptcies-hk
  5. Nervous banks squeeze yoga centres' funds

    Posted Jan 17th 2011, 12:00am by Amy Nip

    ... fees in advance using the banks' credit cards, should the businesses close down. Yet yoga industry veterans warn that these security deposits are causing a vicious cycle ... to raise the sum, Lau had to stop accepting prepayments made with the bank's credit cards. This cuts off the benefits that prepayments provide to both consumers and operators, Professor Leo ...

    http://www.scmp.com/article/735901/nervous-banks-squeeze-yoga-centres-funds
  6. House of Cards

    Posted May 30th 2010, 12:00am by Charmaine Chan

    ... Charmaine Chan House of Cards by William Cohan Penguin, HK$143 Readers who pick up House of Cards should already be familiar with the Bear Stearns story. They may be in the same world of investment banking. Perhaps they just followed the news. There's more to the tale, however, as William Cohan shows in his detail-packed follow-up to his 2007 book about Lazard Freres & ...

    http://www.scmp.com/article/715748/house-cards
  7. Credit lines ease for mainland developers

    Posted Apr 13th 2009, 12:00am by Martin Zhou, Peggy Sito

    ... Peggy Sito and Martin Zhou in Shanghai After enduring a credit squeeze for more than a year, cash-strapped mainland developers have reason to heave a sigh of relief, as they find it easier to raise cash from banks and capital markets these days. Over the past month, the major mainland developers have announced they had either won increased credit lines from banks or raised fresh ...

    http://www.scmp.com/article/676689/credit-lines-ease-mainland-developers
  8. Authority urged to stop payments

    Posted May 20th 2010, 12:00am by Amy Nip, Olga Wong

    ... Amy Nip and Olga Wong The Monetary Authority should stop banks from charging members of two closed yoga schools for credit card instalments and tighten its grip on prepayments, lawmakers ... without reminding the members of the risks, he said. Chinese University marketing professor Leo Sin Yat-ming said cardholders who signed up to pay instalments through their credit cards had ...

    http://www.scmp.com/article/714842/authority-urged-stop-payments
  9. More firms go bust as credit crunch bites

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

    ... their loose credit policy. The latest bankruptcy wave has wiped out electronics retail chain Tai Lin Radio Services and garment maker and retailer U-Right International Holdings, which filed ... figures that showed another big rise in October, with anecdotal evidence that suggested a tightening in lending and credit standards. 'Call it a brutal truth. But one cannot blame banks ...

    http://www.scmp.com/article/662236/more-firms-go-bust-credit-crunch-bites
  10. Credit crisis hits Sands' Macau resort plan

    Posted Oct 20th 2008, 12:00am by Staff Reporter

    ... in Macau- including funding for a hotel resort complex- due to the credit crunch and a weak appetite among lenders amid the market turmoil, sources said. 'Right now it is a pulled deal. ... 'It was still too large and the banks were offering to lend with only limited creditability. Any kid on the street knew they did not have the balance sheets,' said a banker who walked ...

    http://www.scmp.com/article/656977/credit-crisis-hits-sands-macau-resort-plan

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