Financial Services
HSBC to pay US$1.9 billion money laundering fine
HSBC to pay US$1.9 billion money laundering fine
Payment to settle probe by U.S. federal and state authorities.
Hong Kong banks poised for mild earnings growth in 2013
Margins will trend lower as yields fall further.
Bank of East Asia injects 111.6m shares to Sumitomo Mitsui Bank Corp
Here are 3 implications.
Guoline Overseas Limited to acquire remaining Guoco shares
Offer price is HK$88 per share.
AAG gets cold feet
Postpones Hong Kong IPO because of challenging market.
Insurance industry reports heartening growth
Gross premiums and underwriting profit rise during the first three quarters.
Insurance premiums surge 10% to $190.1b
Industry is alive and kicking.
Hong Kong to become world's largest financial center by 2017
Jobs boom to fuel rise as World Number One.
Exchange Fund assets slip $34.1b
HKD assets decreased by $22.6b.
Foreign currency deposits up 2.2%
And RMB deposits increased 1.7$ to RMB554.8b.
HKEx gets go-ahead to acquire London Metal Exchange
52-54m shares will be placed.
Here's how underdeveloped Asia's financial services are
Hong Kong only has 24 bank branches for every 100K adults.
Wing Hang Bank warns of bogus website copying its eBanking services
Beware of the website www1.winghghk.com.
CIMB to do more investment banking in Hong Kong
New strengths allow it to be more competitive.
Beware: Government warns of two fraudulent websites
Both pretend offering financial services.
What you must know about PICC's $4b IPO in Hong Kong
The IPO would be credit positive for its major insurance subsidiaries.
Maybank closes US$1.15b deals for Genting Hong Kong
It is one of largest financings arranged by the group.
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