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  • August 21, 2014
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  1. Business - Comment - LAI SEE

    HSBC action to put hunger strikers out of their misery

    Posted Apr 11th 2014, 12:29am by Howard Winn

    ... Howard Winn HSBC has taken legal action against the pan-democrat hunger strikers encamped on the ground floor of its headquarters at 1 Queen's Road Central. It took out a summons ... appears to have atrophied significantly since the days of the pre-Benny Tai Occupy Central movement. That protest lasted about nine months before HSBC felt sufficiently emboldened to go ...

    http://www.scmp.com/business/article/1474467/hsbc-action-put-hunger-strikers-out-their-misery
  2. Business - Comment - LAI SEE

    HSBC's MPF fund is great for HSBC

    Posted Sep 01st 2012, 02:36am by Howard Winn

    ... over the same period. A reader has complained to us after scrutinising his HSBC North American Equity Fund. This MPF fund provides exposure to US equity markets at a cost of 2 per cent a year, which is not cheap given that the SPY US index tracker charges 0.19 per cent a year. The largest component of this fund is the HSBC Index tracker- American Index fund (14.6 per cent ...

    http://www.scmp.com/business/article/1027456/hsbcs-mpf-fund-great-hsbc
  3. Business - LAI SEE

    Solution found for US chicken and egg problem

    Posted Jul 10th 2014, 04:55am by Howard Winn

    ... the difference between England and a teabag? A teabag stays in the cup for longer.   HSBC tops the cost cuts The best jobs in banking are to be found in the US, at least according to research by Morgan ... per cent followed by JP Morgan at 60 per cent, and Citi and Bank of America Merrill Lynch at 59 per cent. However, the best bank in this respect was none other than our own HSBC at 53 per ...

    http://www.scmp.com/business/article/1550666/solution-found-us-chicken-and-egg-problem
  4. Business - Comment - LAI SEE

    HSBC finally gives customers new ATM card after UnionPay debacle

    Posted Oct 08th 2013, 12:00am by Howard Winn

    ... Howard Winn The wait is over for HSBC's long-suffering customers who have been unable to withdraw cash in many countries, particularly outside Asia. We understand the bank will today ... system. The arrival of the new card, will, hopefully, bring to an end what has been a hugely embarrassing saga for HSBC. Lai See received numerous complaints from HSBC customers who, on arriving ...

    http://www.scmp.com/business/article/1326685/hsbc-finally-gives-customers-new-atm-card-after-unionpay-debacle
  5. Business - LAI SEE

    Old school politician Macfarlane tells it like it is on carbon tax

    Posted Jul 01st 2014, 04:05am by Howard Winn

    ... for helping Americans hide money from the taxman. In January JP Morgan paid US$1.7 billion to settle US claims related to its involvement with Bernard Madoff's Ponzi scheme. In 2012, HSBC paid ...

    http://www.scmp.com/business/article/1543891/old-school-politician-macfarlane-tells-it-it-carbon-tax
  6. Business - Comment - LAI SEE

    From Domani to The Continental

    Posted Jun 07th 2014, 01:05am by Howard Winn

    ... (HK$565 million) to fund its future operations, says the online newsletter Week In China (WIC) which is distributed to HSBC clients. In recent months investors have been chasing military themes ... to Henry Tang's wife, Lisa Kuo Yu-chin, for her illegal basement.   HSBC pulls down the shutters A reader notes that while thousands sat in Victoria Park to commemorate the 25th anniversary ...

    http://www.scmp.com/business/article/1527027/domani-continental
  7. Business - Comment - LAI SEE

    Our HSBC- too big to fail, and too big to work

    Posted Jul 05th 2013, 12:00am by Howard Winn

    ... was recently in Paris, and attempted to use his HSBC ATM card at an HSBC ATM machine on the Champs-Élysées. The only payment network used by HSBC outside Hong Kong is China UnionPay. A Hong Kong-issued ... the card works perfectly well at Societe Generale, which, in France, does recognise UnionPay. And your Royal Bank of Scotland card will work at HSBC." His final thoughts on this: "Too big ...

    http://www.scmp.com/business/article/1275583/our-hsbc-too-big-fail-and-too-big-work
  8. Business - Comment - LAI SEE

    Customers say HSBC has turned the clock back 20 years

    Posted Jun 14th 2013, 12:00am by Howard Winn

    ... Howard Winn We continue to receive complaints about HSBC's new ATM card, which, because it no longer uses the Plus payment network, has left many customers marooned in foreign parts with no access to cash. The HSBC card now uses UnionPay, which is operated by the Bank of China and appears to have limited use outside Asia. HSBC has apologised but has offered only vague assurances ...

    http://www.scmp.com/business/article/1260240/customers-say-hsbc-has-turned-clock-back-20-years
  9. Business - Comment - LAI SEE

    HSBC to end UnionPay chaos with a new Plus ATM card

    Posted Jun 15th 2013, 12:00am by Howard Winn

    ... Howard Winn howard.winn@scmp.com We hear there is light at the end of the tunnel for HSBC customers who have suffered dismay and distress when, on arriving in foreign parts, they weren't able to use their ATM card to withdraw cash. The problem is because HSBC's new ATM cards, with an embedded chip, no longer use the Plus payment network, but the UnionPay network, ...

    http://www.scmp.com/business/article/1261120/hsbc-end-unionpay-chaos-new-plus-atm-card
  10. Business - Comment - LAI SEE

    HSBC apologises for UnionPay ATM-card fiasco in Hong Kong

    Posted Jun 07th 2013, 12:00am by Howard Winn

    ... Howard Winn HSBC apologises for ATM card fiasco but dilly-dallies still Ever since HSBC started sending out its new ATM cards with an embedded chip, internet chat rooms and our own organ's letters page have been humming with disgruntled HSBC customer complaints. The problem is that customers have been unable use the card to withdraw cash from their accounts in many parts ...

    http://www.scmp.com/business/article/1255069/hsbc-apologises-unionpay-atm-card-fiasco-hong-kong

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