• Sat
  • Sep 20, 2014
  • Updated: 9:52pm

Banking

Proof needed to show a crime has been committed

With dismembered bodies scattered all over the blood-spattered scene of this horrendous crime, it is no wonder that Madam Justice Jeffreys, in passing sentence, called for increased penalties in such cases.

Thursday, 7 February, 2013, 5:16am 7 comments

Loans by Hong Kong banks to mainland firms drop sharply

Total lending to non-bank mainland companies rose 13 per cent in the first nine months of last year over the same period in 2011, less than a third of the 42.9 per cent growth rate seen in 2011, the Hong Kong Monetary Authority said.

7 Feb 2013 - 5:16am

Banks take lead in fulfilling Qianhai's Manhattan dream

After many years of talk, the long-awaited Qianhai special zone finally kicked off last week. As part of the project, 15 banks in Hong Kong will be allowed to offer a combined two billion yuan (HK$2.46 billion) in loans to companies in the zone next to Shenzhen.

5 Feb 2013 - 4:33am

Banking on the group

The proportion of loans to total debt arranged in the Asia-Pacific region outside Japan shrank to 66 per cent last year, the least since 2009, according to data compiled by Bloomberg.

1 Feb 2013 - 5:22am

Government says it is down to its last US$217

The paltry amount cast doubt over claims of a slow economic recovery and raised fresh questions about the fate of the country's diamond revenues - officials say almost US$685 million worth were sold last year.

31 Jan 2013 - 4:39am

HSBC appoints anti-crime advisers

Bill Hughes, ex-head of Britain's Serious Organised Crime Agency, Juan Zarate, a former counter-terrorism adviser to the George W. Bush administration in the United States, and former British diplomat Nick Fishwick will also advise the bank, London-based HSBC said in a statement yesterday.

31 Jan 2013 - 5:20am

Iceland wins case over failure of Landsbanki

Iceland didn't break the law by refusing to compensate UK and Dutch customers of Landsbanki Islands after the lender collapsed, a European court ruled. The ruling means Iceland won't have to pay damages claims of as much as 335 billion krona (HK$20.3 billion) for customers who had money in the bank's Icesave high-yield savings accounts.

 

29 Jan 2013 - 4:00am

Short-term contracts have dangers and may not even save money

What can an employer do if he wants to hire more people but cannot add more permanent staff to the payroll, because of a freeze on new hires?

One option is to hire contractors rather than full-time permanent employees, a switch that is becoming more and more popular in the Hong Kong banking world.

28 Jan 2013 - 5:39am 1 comment

Barclays chief tells staff to behave ethically or quit

Barclays chief executive Antony Jenkins has ordered employees to sign up to a new ethical code of conduct or quit, as he seeks to draw a line under last year's damaging Libor manipulation crisis.

19 Jan 2013 - 5:12am

How Chinese banking can profit from a borrowed idea of old Canton

The best Christmas present I got last year was a preview of a forthcoming book by a banker-historian in Boston. He sent me his doctoral thesis, a piece of masterly detective work on how ideas travel over time and space, become adopted successfully in a different place, and then come back to where they started.

19 Jan 2013 - 4:29am