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  • August 22, 2014
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  1. Scramble for deposits set to push up rates

    Posted Jun 03rd 2011, 12:00am

    ... is implemented, banks in Hong Kong may need to offer higher interest rates to compete for more retail deposits,' an HKMA spokeswoman said. For bank customers, Basel III, however, may cut both ways. ... 'However, since the competition in Hong Kong's banking sector is so fierce, the banks wouldn't raise the costs too much for customers,' the HKMA spokeswoman said. Banks may also need ...

  2. Industry group to scrutinise Hibor fixing

    Posted Jul 20th 2012, 12:00am

    ... spokeswoman said yesterday, referring to a widening probe into Libor, a US dollar benchmark for trillions of dollars worth of financial products. 'Hong Kong dollar Hibor fixing has been in place for over 20 years. We have not observed any anomaly in its operation,'' the spokeswoman said. Hibor is the benchmark for a range of Hong Kong dollar-denominated products, including ...

  3. Nurse says ATM gave her fake $100 note

    Posted Mar 03rd 2004, 12:00am by Peter Michael

    ... notes we will.' A Hang Seng Bank spokeswoman said despite some speculation about the exact origin of the bill, the woman was reimbursed. 'We cannot confirm whether that fake note was withdrawn from an ATM of Hang Seng,' the spokeswoman said. 'But based on our customer relations policy we have refunded $100 to the lady concerned.' The spokeswoman refused ...

  4. This cash is trash as HSBC fixes design flaw

    Posted Jul 25th 2011, 12:00am

    ... and reprinting its new HK$100 banknotes. It said the bank now planned to put them into circulation early next year? in time to be used for lai see in the Lunar New Year. A spokeswoman for HSBC apologised ... version of the note to the authority for review. The spokeswoman would not say how much redesigning and reprinting the notes would cost or how many new notes with the faulty design had been ...

  5. HKMA investigating IPO bank sponsors

    Posted Apr 19th 2011, 12:00am

    ... or are being taken to address the issues identified, usually with target completion dates', an HKMA spokeswoman said yesterday. A sponsor, usually an investment bank, takes a position ... to be completed around the second quarter of this year, adding that the method and scope of the assessments were 'basically the same as those adopted by the SFC'. The spokeswoman declined ...

  6. Suspected counterfeit notes linked to ATMs

    Posted Jan 05th 2008, 12:00am by Dennis Chong

    ... the banknotes were obtained through its system. 'It is impossible for the ATMs to give out fake notes,' a BOC spokeswoman said last night, citing stringent inspection procedures. The spokeswoman said that as the complaints were not made immediately, it was difficult to determine whether the notes were withdrawn from the bank's ATMs. She added that the bank would continue ...

  7. Delay on NT crackdown 'ridiculous'

    Posted Dec 08th 2011, 12:00am

    ... A spokeswoman for the Ratings and Valuation Department said it conducted a general revaluation of village houses every year. It kept records of additions and alterations to them and would pass ... if the data is used to preclude unlawful conduct. In this case, adding illegal structures is obviously unlawful.' A spokeswoman for the privacy commissioner said merely extracting an address from ...

  8. Big banks bleed off jobs over summer

    Posted Jul 12th 2012, 12:00am

    ... Around the same time, Mitsubishi UFJ Financial Group (MUFJ), Japan's biggest bank by assets, ceased its Asian equities research service. A MUFJ spokeswoman confirmed the decision affected ...

  9. Agency closes, leaving HK$1m in insurance premiums unpaid

    Posted Aug 28th 2009, 12:00am by Paggie Leung

    ... about an outstanding payment due of HK$11,000. According to a police spokeswoman, the man said that when he went to Yick Sun's office in Mong Kok to find out what had happened, he found ... Anglo Starlite Insurance and Target Insurance. 'The Office of the Commissioner of Insurance has already contacted the insurance companies involved,' a spokeswoman for the watchdog ...

  10. US$1.5b aim for Morgan Stanley Asia fund

    Posted May 16th 2012, 12:00am

    ... with the matter told the South China Morning Post. They declined to be identified as the fund-raising is confidential. A spokeswoman for Morgan Stanley in Hong Kong declined to comment. MSPE was one ...




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