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  1. City Digest

    Posted Jun 10th 2011, 12:00am

    ... Police crack credit card racket operating in Jordan Police have uncovered the first counterfeit credit card manufacturing centre in a decade with the arrest of a 28-year-old mainland man and seizure of 82 bogus cards at a guest house in Jordan. Officers said the centre was run by a syndicate that used the fake cards coded with stolen data to withdraw about HK$1 million from ATMs ...

  2. Business - Banking & Finance - BANKING

    Credit Suisse trains sights on Asia's growing wealth

    Posted Apr 08th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Swiss lender says bleak economic outlook in Europe is partly behind shift in business focus Credit Suisse trains sights on Asia's growing wealth Credit ... growing prosperity. "Asia is definitely Credit Suisse's focus of future development," said chairman Urs Rohner in an exclusive interview with the Post on a recent trip to Hong Kong. ...

  3. Business - Banking & Finance - BANKING

    Credit Suisse targets the richest of the rich in Asia

    Posted Nov 22nd 2012, 12:00am by Lulu Chen

    ... Lulu Chen The private bank seeks to attract clients through providing solutions or helping make social connections Credit Suisse targets the richest of the rich in Asia Global private banks always chase wealthy clients, but Credit Suisse has narrowed its quarry further- to the richest of Asia's rich. Like many other big banks, Credit Suisse is reacting to a significantly ...

  4. Business - Banking & Finance

    Stress tests puts focus on Citigroup's Asia assets

    Posted Nov 17th 2012, 12:00am by Bloomberg

    ... the continent, making credit card, personal and corporate loans in China, India and Singapore. "Citi has the most obvious gross exposure to a slowdown in Asia," said David Knutson, ... billion in the three years to September 30, Citi said last month. Credit card and retail loans also increased 33 per cent to US$89.3 billion. The unit's profit was US$12.4 billion ...

  5. China risks crisis if Beijing cannot control credit growth

    Posted Nov 22nd 2010, 12:00am by Tom Holland

    ... are not entirely unreasonable. Since the subprime meltdown of 2008 academic economists have paid an increasing amount of attention to the role of credit in creating financial crises. In a research paper ... developed economies dating back to 1870. They found that the majority of crises were preceded in the previous five years by a rapid expansion in credit and concluded that 'financial crises ...

  6. In a crisis, credit ratings just make things worse

    Posted May 07th 2010, 12:00am by Staff Reporter

    ... The oligopoly of the credit ratings agencies is not just an anomaly of the modern financial architecture. As we have seen in the subprime mortgage meltdown in the US and in the ongoing ... package for Greece last month, the credit ratings of not only Greece but Spain and Portugal were downgraded. The moves did not contribute any information that the capital markets did not already ...

  7. Building bridges

    Posted Jun 05th 2008, 12:00am by Staff Reporter

    ... Measures that have or will be adopted by Ma Ying-jeou's government to improve cross-strait ties Senior officials can visit mainland on case-by-case basis Mainland tourists can use credit cards in Taiwan by end of August Mainland tourists can convert yuan into new Taiwan dollars by end of next month Taiwanese funds to be invested in mainland shares before end of this month ...

  8. Third of ruling party backbench MPs are credit risks

    Posted Jun 26th 2007, 12:00am by Baradan Kuppusamy

    ... blacklisted as credit risks by a nationwide database. M.Kayveas, deputy to Prime Minister Abdullah Badawi, was trying to highlight what he said was the unfair use of the blacklist. The list of high credit risks is run by CTOS Ltd, a private company set up by all Malaysian lenders in the mid-1980s. Lenders refer to the CTOS list before approving credit of any kind. 'There are too many ...

  9. Corrupt cadres fled with 800b yuan

    Posted Jun 16th 2011, 12:00am

    ... and the hiding of illicit money flow under the guise of legitimate deals. Some also used credit cards to buy huge amounts of luxury goods in Hong Kong, while paying the credit card fees on the mainland, ...

  10. Magazines - Post Magazine - TRAVEL

    One night in Yangon

    Posted Nov 18th 2012, 12:00am by RED DOOR NEWS

    ... I arrive with neither and my first day is an expensive headache. Yangon remains a city without ATM machines and where credit cards are not accepted. One travel agent in the city gives cash advances on credit cards and it does so with a 10 per cent surcharge and at unfavourable exchange rates based on the Thai baht. That means a US$200 cash advance will cost you almost US$230. It could have ...




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