• Wed
  • Sep 17, 2014
  • Updated: 11:08am

Deposit Account

HSBC to cut yuan deposit savings rates from today

HSBC will cut its savings rate for yuan deposits to 0.25 per cent from today, down from 0.45 per cent. A bank spokesman said the cut was to move HSBC in line with the market as other banks had already made similar cuts in their yuan savings rates.

Tuesday, 9 August, 2011, 12:00am

End scams that exploit the blind pursuit of beauty

With the benefit of hindsight and detachment, a scam always looks exactly that when it is revealed in the media. Observers wonder how anyone could be so gullible as to fall for a scheme that was never logically possible. However, the large number of victims are proof that it can be difficult to see through the false promises or illusory benefits on offer.

20 Feb 2011 - 12:00am

'Heritage' mansion perfect for a dim sum tourist hang-out

Just one more month and the Mid-Levels mansion King Yin Lei will be restored to its former glory.

SCMP, Sept 3

What former glory? This abandoned house in Hollywood faux style on Stubbs Road is an English architect's design from 1937 and has absolutely no heritage value for Hong Kong at all. None.

5 Sep 2010 - 12:00am

Bankers' losses covered, profits are theirs to keep

But it will now take until 2018 to collect the HK$2.8 billion needed to insure depositors at each bank for up to HK$500,000.

SCMP, April 10

13 Apr 2010 - 12:00am

Changes urged to bank disclosure tack on deposit protection cover

Banks must tell customers whether their accounts or the transactions they conduct are covered by the deposit protection scheme to strengthen disclosure, the Hong Kong Deposit Protection Board suggested yesterday.

19 Aug 2009 - 12:00am

Corrections & clarifications

The front page report 'Public to have say on more deposit protection' published on Saturday said the full deposit protection scheme covers each depositor for up to HK$100,000 per bank. This amount is the limit of the previous deposit protection scheme. The full deposit scheme, introduced in response to the financial crisis, guarantees the full amount of all deposits.

9 Mar 2009 - 12:00am

Public to have say on more deposit protection

A public consultation will be launched next month on extending deposit protection scheme coverage to integrated bank accounts that offer overdraft facilities on a secured basis, such as credit card payments.

7 Mar 2009 - 12:00am

Bank glitch hits 16,000 accounts

About 12,600 customers of Fubon Bank (Hong Kong) were deprived of interest payments of up to HK$26,000 due to a 'technical design error' in a computer program.

18 Mar 2008 - 12:00am

Accounts and interest

Current account: is the most basic bank account. It is useful for managing your money daily, like taking cash from the ATM, depositing cheques or payslips and paying the bills.

Checking account: is the American English word for current account.

10 Mar 2008 - 12:00am

Banker pilfered account to pay for hair treatment

A bank assistant stole from a customer's account to pay for expensive anti-baldness treatment because he was terrified of losing his hair, a court heard yesterday.

Alex Chan Choi-kei, who appeared in Eastern Court with a full head of hair, pleaded guilty to stealing more than HK$355,000 from the account at the DBS Bank.

26 Apr 2007 - 12:00am

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