• Wed
  • Sep 24, 2014
  • Updated: 9:48am

Banking

Minsheng makes profitable Hong Kong start

Many mainland bank operations in Hong Kong took at least three years to see a profit, said Lin Zhihong, chief executive of China Minsheng's Hong Kong business, which made a net profit of more than HK$100 million at the end of last year. It completed a year this March.

Thursday, 16 May, 2013, 4:12am

HSBC to cut 14,000 staff worldwide in cost-cutting push

HSBC will slash 14,000 more jobs worldwide to save an extra US$2-to-US$3 billion in costs by 2016 as the bank strives to revive profits in the face of fragile growth prospects for the industry.

16 May 2013 - 5:48am 4 comments

HSBC cards no longer work in many overseas ATMs

Many on business trips or holidays have said they were unable to get their hands on their cash from ATM machines.

12 May 2013 - 6:28am 39 comments

StanChart's first-quarter margins hit by competition

The results came as a shock to the market, with Standard Chartered's share price in Hong Kong falling 3.53 per cent to close at HK$193.90, after rising as much as 2.4 per cent before the bank's results were announced.

9 May 2013 - 5:08am

Societe Generale earnings halve

Net income fell to €364 million (HK$3.7 billion) from €732 million a year earlier, the bank said yesterday. It booked costs of €1.05 billion related to the revaluation of its debt in the period.

8 May 2013 - 3:05am

Winners aplenty in Hong Kong's job market

Is Hong Kong's job market now a "buyer's market" or a "seller's market"? Most people would answer by complaining about how hard it is to find a good job in the city. But once you speak to human resources experts, you find the reality may not be so simple.

6 May 2013 - 6:45am 1 comment

'Abenomics' helps Daiwa profits soar

Daiwa Securities Group reported its highest quarterly profit in seven years on Wednesday, underscoring the brightening outlook for Japan’s brokerage industry as a result of the market-boosting policies of the country’s new premier.

1 May 2013 - 2:49pm

For senior and young, Hong Kong job market may be healthier than you think

Is Hong Kong’s job market now a ‘seller’s market’ or ‘buyer’s market’?

The reaction from most to this question will naturally be to complain about the difficulties in finding good jobs in Hong Kong. But when you speak to some human resources experts, the answer may not be as simple as you think.

1 May 2013 - 3:03pm

Hacked e-mail led to bank transfer of US$90,000, businessman's writ claims

In a writ lodged with the High Court, import-export business Trumpex International Limited asked Hang Seng Bank not to disburse the transferred amount, or to return the money.

1 May 2013 - 5:47am

Amex can make a difference if it takes complaints seriously

It's no secret that many well-paid bankers are fans of American Express credit cards, which to some have an aura of exclusivity - Visa or MasterCard being considered too common.

22 Apr 2013 - 6:50am 2 comments