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  • August 20, 2014
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  1. News - World

    HSBC closes bank accounts of 40 diplomatic missions

    Posted Aug 05th 2013, 12:00am by AP

    ... Associated Press in London Dozens of foreign missions in London are told that they will have to bank elsewhere HSBC closes the door on diplomats HSBC has told dozens of foreign missions ... an official at Papua New Guinea's high commission as expressing shock at the move. "We've been banking with HSBC for 22 years," John Belavu was quoted as saying. "For them ...

    http://www.scmp.com/news/world/article/1294382/hsbc-closes-bank-accounts-40-diplomatic-missions
  2. Business - Commodities - INVESTIGATIONS

    CWT Commodities considers legal action amid Qingdao port probe

    Posted Aug 19th 2014, 01:27am by CHIM SAU-WAI

    ... on commodity financing.  Companies that have taken action over the commodity financing scandal in Qingdao include  HSBC, Citic Resources, Standard Chartered, Standard Bank, Citigroup, and Shanxi Coal ...

    http://www.scmp.com/business/commodities/article/1576403/cwt-commodities-considers-legal-action-amid-qingdao-port-probe
  3. Business - Commodities - COMMODITIES

    Banks face lawsuit for manipulating price of silver

    Posted Jul 28th 2014, 04:27am by Bloomberg

    ... Bloomberg in New York Banks face lawsuit for influencing the price of silver Deutsche Bank, HSBC and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions ... Bank and Bank of Nova Scotia, HSBC and other banks in federal court in New York over allegations involving the London gold fix. "We intend to vigorously defend ourselves against ...

    http://www.scmp.com/business/commodities/article/1560701/banks-face-lawsuit-manipulating-price-silver
  4. Sport - Rugby

    HSBC pulls sponsorship from Asian Five Nations and Asian Sevens Series

    Posted Apr 27th 2014, 01:00am by Alvin Sallay

    ... Alvin Sallay alvin.sallay@scmp.com Blow to Asia as HSBC pulls out of key events HSBC has pulled its title sponsorship from Asia's pre-eminent rugby competitions – the Asian Five Nations and Asian Sevens Series – forcing the Asian Rugby Football Union (ARFU) to downsize the top-flight A5N division from next year.   ARFU president Trevor Gregory admits that HSBC ...

    http://www.scmp.com/sport/rugby/article/1497965/hsbc-pulls-sponsorship-asian-five-nations-and-asian-sevens-series
  5. Business - Banking & Finance - BANKING

    Shanghai's plans won't affect Hong Kong, HSBC says

    Posted Jul 10th 2013, 12:00am by KANIS LI

    ... Chief Anita Fung sees no threat to city from free-trade zone and is keen for bank to move in The chief executive of HSBC's Hong Kong office, Anita Fung Yuen-mei, said yesterday ... in the new zone, saying HSBC would definitely consider participating when more details were unveiled. Premier Li Keqiang had approved a milestone plan to allow foreign banks to directly set up wholly ...

    http://www.scmp.com/business/banking-finance/article/1279036/shanghais-plans-wont-affect-hong-kong-hsbc-says
  6. Business - Money - MYSTERY SHOPPER

    When 5 years becomes 10

    Posted Jul 15th 2013, 12:38am by Nicky Burridge

    ... HSBC suggests investment-linked assurance scheme even after client says she does not want insurance The South China Morning Post is conducting a mystery shopping series to test the quality of the financial advice offered by banks. This week we visit HSBC. As in previous exercises, our reporter poses as a 37-year-old expatriate mother of two who wants to invest HK$10,000 a month in a pension. ...

    http://www.scmp.com/business/money/investment-products/article/1282823/when-5-years-becomes-10
  7. Business - Banking & Finance

    BlackRock says executive turned down RBS offer

    Posted Jul 24th 2013, 10:26am by Reuters

    ... BlackRock said its head of Asia Pacific operations, Mark McCombe, has rejected an offer to take the top job at Royal Bank of Scotland Group and will remain with the world’s largest fund manager. The Financial Times cited sources on Tuesday saying that McCombe, a former head of HSBC Holdings’ Hong Kong operations, had emerged as the external frontrunner for the position of RBS ...

    http://www.scmp.com/business/banking-finance/article/1289645/blackrock-says-executive-turned-down-rbs-offer
  8. Business - Money

    HSBC to refund credit card cash withdrawal fees for UnionPay card users

    Posted Jun 22nd 2013, 02:24am by Anna Healy Fenton

    ... customer complaints, HSBC has agreed to refund the fees if you have no option but to use your credit card to get cash overseas. To recap on the ongoing saga of HSBC’s change to chip ATM cards, the bank has finally given me answers. HSBC switched from the globally accepted Cirrus and Plus clearing systems – the symbols on the back of your plastic cards – to the cheaper, China-based ...

    http://www.scmp.com/business/money/wealth/article/1266355/hsbc-refund-credit-card-cash-withdrawal-fees-unionpay-card
  9. Business - Banking & Finance - BANKING

    Standard Bank writes off US$80m for Qingdao metal financing exposure

    Posted Aug 15th 2014, 08:24am by Chim Sau Wai

    ... Chartered, HSBC and ABN Amro. ...

    http://www.scmp.com/article/1574106/standard-bank-writes-us80-million-qingdao-metal-financing-exposure
  10. Business - Commodities - METALS

    Three more banks gain approval to import gold into China

    Posted Aug 20th 2014, 01:34am by Reuters

    ... to foreign players. ANZ and HSBC were granted import licences late last year. China approached foreign banks, gold producers and refiners to participate in SGE's international bourse, to boost ...

    http://www.scmp.com/business/commodities/article/1577237/three-more-banks-gain-approval-import-gold-china

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