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  • October 21, 2014
  • Last updated: 12:05pm
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  1. News - Hong Kong - BANKING

    Two-year programme launched to collect unwanted small change

    Posted Oct 07th 2014, 04:02am by ALAN YU

    ... "We thought each person might have a biscuit tin's worth of coins, but it turns out people have collected quite a lot of them," Wong said. He said staff had also helped people sieve ...

  2. Business - Banking & Finance - BANKING

    Top state bank bosses motivated by government prospects

    Posted Sep 10th 2014, 04:05am by DON WEINLAND

    ... person who recently left a mid-level management position at one of the Big Four banks in Beijing. Most state bank employees, however, harbour modest ambitions such as gradual pay increases and mid-level promotions at bank branches. "Most employees see this very clearly. We know from the start who is going to move up and who is not," said the person, who asked ...

  3. Business - Banking & Finance - BANKING

    Programme eyes new solutions in Asia-Pacific banking from start-ups

    Posted Sep 01st 2014, 04:21am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Start-ups aim for innovative solutions Eight start-ups, including companies from the mainland, Hong Kong and Taiwan, are set to introduce innovative technologies for the Asia-Pacific banking sector under a programme organised by Accenture and backed by 10 major financial institutions. Quantum computing applications for banking, mobile data mining ...

  4. Business - Banking & Finance - BANKING

    Zhang Hongli lawsuit 'will hurt Deutsche Bank's ICBC relationship'

    Posted Aug 25th 2014, 03:33am by DON WEINLAND

    ... but forgoing accumulated interest of US$2.3 million. "Things have gone wrong," a person who worked with Zhang at Deutsche Bank said of the German lender's once-tight relationship ... the person said. Zhang is a senior executive vice-president at ICBC, the world's largest bank by market capitalisation, and held top roles at Deutsche Bank such as chairman of its China ...

  5. Business - Banking & Finance - BANKING

    Foreign banks in Shanghai free-trade zone lack permits to transfer funds freely

    Posted Jul 08th 2014, 11:58am by George Chen, Jeanny Yu

    ... which was launched last year and is personally backed by Premier Li Keqiang, is a key experiment in the central government's economic reform effort. ...

  6. Business - Banking & Finance - BANKING

    Banks rush to open branches before Shanghai free-trade zone anniversary

    Posted Jul 08th 2014, 01:54am by George Chen

    ... zone, personally backed by Premier Li Keqiang, is regarded as a key experiment in the central government's economic reform effort, encouraging private sector investment and paring back ...

  7. Business - Banking & Finance - BANKING

    Wing Lung aims to triple personal loans

    Posted Nov 14th 2013, 03:10am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Wing Lung aims to triple personal loans Wing Lung Bank, a subsidiary of China Merchants Bank, says it wants to double or triple its personal unsecured loan ... in the gap from the loss of mortgage lending," Wing Lung Bank's head of retail banking, assistant general manager Derek Chung, said at a conference yesterday. The average size of a personal ...

  8. Business - Banking & Finance - BANKING

    Barclays to begin cutting jobs in the Asia-Pacific

    Posted Jun 04th 2014, 05:08am by Bloomberg

    ... banking and markets businesses this week, a person with knowledge of the matter said. The cuts represented about 5 per cent of the London-based firm's investment bank workforce in the region, said the person, who asked not to be named. Barclays would also name Vanessa Koo to replace Edward King as Asia-Pacific head of mergers and acquisitions, the person said. The dismissals come ...

  9. Business - Banking & Finance - BANKING

    BNP Paribas chief operating officer decides to step down

    Posted Jun 13th 2014, 05:57am by Reuters

    ... de Courcel as part of a settlement for alleged violations of sanctions against Iran, Sudan and other countries, a person familiar with the matter said. Chodron de Courcel is one ... raising red flags. BNP has said publicly only that it is in talks with US authorities about "certain US dollar payments involving countries, persons and entities that could have been subject ...

  10. Business - Banking & Finance - BANKING

    Tighter scrutiny of potential mainland clients by banks in Hong Kong

    Posted May 20th 2014, 11:12am by George Chen

    ... the 'know your client' initiatives, but specifically looking for 'politically exposed persons'," Williamson said. Many wealthy Chinese clients open accounts with Swiss banks ...




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