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  1. 'Bad bank' to tackle credit-binge hangover

    Posted May 22nd 2004, 12:00am by Staff Reporter

    ... Koreans went on a massive credit binge in the late 1990s, fuelled by easy credit as banks and credit card companies competed for market share. The banks were encouraged by the government, which ... and little experience managing credit, many South Koreans quickly spiralled into debt. LG Card, the country's leading credit-card issuer, was rescued with a US$4.2 billion bailout package ...

  2. Banking on debt

    Posted Apr 24th 2004, 12:00am by Patsy Moy

    ... Money houses are encouraging credit-card holders to borrow more, regardless of their ability to repay, trapping many in a spiral of liability, writes Patsy Moy When you are old and have ... rescuing that pushes a kind-hearted old person to draw on a credit card, perhaps two, for quick cash to solve the problem. But with no earning power, the trap is sprung and the victim is caught ...

  3. StanChart mulls over China partners

    Posted Mar 11th 2004, 12:00am by Staff Reporter

    ... in China.' The group also played down the significance of competing in the mainland's fast-growing credit card market. Executive director Mike DeNoma said the mainland market was 'virtually zero' compared with that of South Korea or the United States. 'The credit card market in China today doesn't exist,' he said. 'We projected China's credit market ...

  4. Credit cards

    Posted Mar 29th 2004, 12:00am by Sidney Sze

    ... a survey on the new features offered by 24 credit card issuers. It also revealed that there were 515 complaints relating to credit cards last year. These new credit card features should alleviate ... around for the best credit card deal before committing ourselves to one. Although, the issuers do not intend to mislead you, you should carefully study the terms and conditions- which ...

  5. Change is on the cards

    Posted Aug 28th 2004, 12:00am by Mutsuko Murakami

    ... 'skimmed' and then replaced, or taken from a locker or safety deposit box. This type of fraud is not new in Japan, but previously it involved only credit cards. It was thought that the magnetic ... from fraudsters pretending to be a bank or credit card company. Sophisticated technology- such as bugging devices which tap into phone lines transmitting cash card data- is opening new ...

  6. Fake credit card scams rise 13-fold

    Posted Jan 16th 2004, 12:00am by Sara Bradford

    ... credit cards over the past six years. In 1998, there were only 36 reported cases, but the figure surged to 274 in 2002 and there were 493 cases last year. Authorities reported seizing 143 fake credit cards in 1998, 2,204 in 2002 and 639 last year. Madam Justice Beeson adjourned sentencing until January 28 to analyse the figures. The court heard that police on an anti-burglary operation ...

  7. Positions in marketing on the cards

    Posted Jun 12th 2004, 12:00am by Charlotte Petrie

    ... Charlotte Petrie The strategic intent at Bank of China Credit Card (International) is to become the leading issuer of credit cards in the region and internationally. To do this, BOC Credit ... privileges for cardholders is also required. 'The credit card market is really competitive and any potential employee must be creative, dynamic and very assertive,' Ms Wong emphasised. ...

  8. Shopping spree ends in court for fraudster

    Posted Oct 30th 2004, 12:00am by Elaine Wu

    ... Elaine Wu A 19-year-old saleswoman stole a credit card from a shopper and went on a shopping spree, treated herself to a pizza and entertained herself at a karaoke club. Ngan Ka-man ... at the Survival clothing shop in Pak Sha Road, Causeway Bay, on August 8. Ngan had kept Lam Hing-ling's credit card after a sales transaction. Lam did not realise her card was missing until two days ...

  9. Mutiny at the cash register

    Posted Jun 23rd 2004, 12:00am by Staff Reporter

    ... to protest over the 1 per cent credit card commission levied by local commercial banks, demanding it be halved. Department store merchandisers claimed their profits were only 1 to 6 per cent of retail turnover, and that bank credit card commissions and taxes took it all. But Shenzhen's commercial banks refused to negotiate commission levels, arguing they provided convenient ...

  10. Write-offs on BOC card debt fall below 5pc

    Posted Apr 22nd 2004, 12:00am by Christine Chan

    ... Christine Chan BOC Hong Kong (Holdings) said the total amount of credit-card receivables it had written off had shown a marked decline in the first quarter compared with a year ago, as unemployment and other economic indicators continued to improve. Credit-card spending has surged 30 per cent year on year in the first three months, as consumers' confidence returned, according ...




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