Bank of East Asia sues Rafael Hui over alleged debts

Rafael Hui Si-yan. Photo: Edward Wong

In a writ filed with the High Court on Friday, the bank asks Hui for payment of all money due under the two overdraft facilities under two facility letters and two credit cards provided by the bank to Hui under a card holder agreement. The bank also wants him to pay interest and costs related to a breach of the terms of the facility letters and the agreement.

Sunday, 7 April, 2013, 5:28am 3 comments

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

The gaping hole in HK's blanket deposit guarantee

If you think your Hong Kong bank deposits are fully guaranteed under the blanket deposit protection scheme announced last month by Financial Secretary John Tsang Chun-wah, you may want to think again - especially if you are unfortunate enough to run a small business.

It turns out that Hong Kong's full deposit protection is not as comprehensive as it seems.

13 Nov 2008 - 12:00am

Ex-sex-photos suspect jailed over card fraud

A former suspect in a recent celebrity sex-photo scandal has been jailed for 27 months for using fake job records to obtain dozens of credit cards.

5 Nov 2008 - 12:00am

Former judge's wife seemed lucid to police officer, fraud trial told

An 80-year-old woman said by her lawyer to be mentally unfit to stand trial on welfare fraud charges gave clear and immediate answers in an interview with police lasting more than two hours, a court heard yesterday.

1 Apr 2006 - 12:00am

ICBC in drive to widen corporate loan business

Industrial and Commercial Bank of China (ICBC) has become the first state-owned commercial bank to launch an overdraft facility for quality corporate clients.

China's largest bank said the services were aimed at helping clients solve short-term cash-flow problems during the production and operating processes.

4 Jul 2002 - 12:00am

10 things to watch out for when ... comparing bank charges

Research: Compare service fees and research the information thoroughly before using the service.

Consolidate: Consolidate your accounts. If you have separate accounts, only keep those that are vital. This helps avoid paying unnecessary charges.

21 Jan 2001 - 12:00am

Securities trading credit line launched

Hongkong Chinese Bank has introduced a credit card that provides holders with an overdraft facility for securities trading on top of the regular spending credit line.

The bank will charge an annualised interest rate of 18 per cent for the securities-trading facility.

Regular credit cards normally attract an interest rate of about 30 per cent.

8 Dec 1999 - 12:00am

Finance firm sued for overdraft

New China Hong Kong Finance is being sued by Dao Heng Bank over an overdraft of $4.3 million. The facility was granted to New China in December 1995, according to a High Court writ. Dao Heng is also seeking the sum from New China Hong Kong Group Ltd as guarantor on the overdraft, the writ says.

12 Dec 1998 - 12:00am

Sin Hua Bank sues Rhine in $6.3m claim

Sin Hua Bank has commenced two separate legal proceedings against Rhine Holdings and its wholly owned subsidiary, Rhine Jewellery, to claim a total of about $6.35 million. On June 17, Sin Hua Bank sued the company for $676,015 it claimed was payable by the company under an undertaking for repayment of overdraft dated May 31, 1996.

26 Jun 1998 - 12:00am

Bet my house can gallop faster than yours

Eddie Chow tells me he just joined an Internet service provided by a company called HKStar. After paying the various fees, he was handed a slip by the shop assistant.

'OFFICIAL RECEIPT,' it said in capital letters on the top right.

30 Jul 1997 - 12:00am

$425m lifeline for 'risky' Tradelink

The troubled Tradelink computer system received a $425 million lifeline yesterday after the Government persuaded legislators money was not being thrown away.

Democratic Party economic spokesman Dr Huang Chen-ya said it was a 'high-risk, venture capital' investment, but the risks were partly contained by late changes to the financing package.

1 Jun 1996 - 12:00am

Government enterprise in $425m bail-out bid

Finances at a government-controlled computer project have deteriorated to such an extent that it will be unable to pay its electricity bills and other expenses next month unless it receives a $425 million overdraft today.

31 May 1996 - 12:00am

Tailor-made credit suits the occasion

THOSE considering using bank credit to help them through the expense of Christmas can tailor their loans to their ability to repay.

The territory's banks offer a range of products from overdrafts to credit cards to help shoppers spread their repayments and potentially halve their interest payments.

3 Dec 1995 - 12:00am

Action on illegal loans

THE People's Bank of China has sent out a directive ordering state banks to stop their branches arranging illegal loans for customers through credit cards.

15 Aug 1995 - 12:00am