Brokerage

13 May 2013

Many Hong Kong brokerages have a new and profitable business, despite the economic downturn: lending money to mainland entrepreneurs at high interest rate, sometimes more than 30 per cent.

7:58PM

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Market Wrap: Hang Seng rises first time in four days on fiscal cliff talks

29 Nov 2012

The Hang Seng gained for the first time in four days on Thursday, as optimism that the US may soon strike a deal to resolve the so-called “fiscal cliff” offset the impact of a continued slump in A...

4:36PM

KBW to close Hong Kong office after sale

10 Nov 2012

Securities firm Keefe Bruyette & Woods is in the process of closing its operations in Hong Kong and Tokyo to focus on core businesses in the US and Europe, following its acquisition by Stifel...

5:04AM

Pandit quits as Citigroup's chief

17 Oct 2012

Citigroup chief executive Vikram Pandit resigned abruptly yesterday, effective immediately, a shock change at the top of the No 3 US bank the day after a surprisingly strong quarterly earnings...

3:26AM