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  • October 24, 2014
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  1. Business - Comment - LAI SEE

    HSBC distances itself from David Eldon's blog

    Posted Oct 15th 2014, 05:11am by Howard Winn

    ... of an altogether more popular person in the shape of Carrie Lam." Eldon returned to banking in 2011 and currently holds the positions of non-executive chairman of HSBC Bank Middle East, HSBC Bank Oman SAOG, and is chairman of HSBC's Global Commercial Bank Risk Committee. It is for this reason no doubt that HSBC somewhat belatedly on Monday issued a press statement: "HSBC notes ...

    http://www.scmp.com/business/article/1616464/hsbc-distances-itself-david-eldons-blog
  2. Business - Comment - LAI SEE

    CY says the poor can't vote as we need to protect the rich

    Posted Oct 22nd 2014, 05:21am by Howard Winn

    ... for organising our affairs in this way.   A matter of perspective Someone has cleverly taken an old HSBC advertising campaign and adapted it to the umbrella movement. It is a mock-up of the bank's advertising campaign "Point of View" which was introduced in 2009 and shown at airports around the world. The original HSBC ads featured a number of images on which a single word ...

    http://www.scmp.com/business/article/1621635/cy-says-poor-cant-vote-we-need-protect-rich
  3. Business - Comment - LAI SEE

    Leung needs wow factor to defuse umbrella movement

    Posted Oct 17th 2014, 05:29am by Howard Winn

    ... demands for universal suffrage. He needs to think big and come up with something that will wow people. But we are not holding our breath.   Old habits A reader has pointed out that although HSBC Holdings and Hang Seng Bank announced their dividends at the same time, HSBC paid its shareholders a month later than Hang Seng. Another way of hanging on to your money longer than necessary ...

    http://www.scmp.com/business/article/1617905/leung-needs-wow-factor-defuse-umbrella-movement
  4. 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
  5. 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
  6. 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
  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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