Investors carved HK$67 billion off Standard Chartered Bank yesterday, or nearly a sixth of its stock market value, despite the bank's quick denial of US regulator claims it engaged in illegal dealings with Iranian financial institutions.Wednesday, 15 August, 2012, 11:08pm
Since the beginning of May, global stock markets have tumbled again and the Hang Seng Index dropped substantially, from above 26,000 to the 21,000 level. Even the stock markets in commodity-related countries such as Brazil and Russia are down. Stock prices are now much cheaper and investors may wonder if it's a good time to buy.13 Jul 2008 - 12:00am
Mainland banks bucked the global trend by earning a record 610 billion yuan in pre-tax profits last year, buoyed by strong loan expansion and fees derived from the booming stock market, according to a preliminary estimate.27 Feb 2008 - 12:00am
BANK of East Asia has baffled analysts by reporting a better-than-expected profit growth of about 47 per cent for last year. Now it has disappointed them by not delivering its promises.
Even reporters and analysts with poor memories can remember the bank's chief executive promising to release more financial information in the bank's annual report for 1993.1 Apr 1994 - 12:00am
A HONG Kong arms trading company which played a key role in a multi-billion-dollar illegal weapons deal with Iran has taken that country's national bank to the House of Lords in London for non-payment of almost US$7 million (HK$54.6 million) of the contract.22 Aug 1993 - 12:00am