HSBC Traders Used Code Word to Trigger Front-Running, U.S. Says

With just four words, Mark Johnson allegedly passed a secretive signal to fellow HSBC Holdings Plc currency traders to launch ... in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually reached others on both sides of the ... ( read original story ...)

HSBC, Hang Seng back down on cash deposit machine disputes

Two customers who suffered a combined loss of HK$20,000 from malfunctioning cash deposit machines (CDMs) operated by HSBC and Hang Seng Bank got their money back. The two said the banks at first refused to make compensation or allow them to review CCTV ... ( read original story ...)

Secret code set in motion HSBC’s currency scheme, US says

US District Judge Nicholas Garaufis ruled today the jury can listen to the recordings, in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually ... a US$8 million profit for his bank. HSBC was hired by Cairn to convert the ... ( read original story ...)

How To Get Declined For Your HK Bank Application

Want to get declined for your bank account application in Hong Kong? Then you’re in the right place! Of course you don’t want to get rejected when applying for your Hong Kong business bank account, but today I want to have some fun and give you some ... ( read original story ...)

Why Taiwanese corporates flock to A/H share markets for IPOs

Since June of 2016, seven Taiwanese companies have completed debut IPOs in mainland China and Hong Kong, raising a combined total of US$438.78 million. To put into perspective, this is over half the amount raised through IPOs on the Taiwan Stock Exchange ... ( read original story ...)

Money Forward Launches $500M IPO, Gets Investors Excited

Although becoming the first fintech company to launch an IPO in Tokyo, Money Forward is not the only Asian fintech startup to go public lately. Last week, a Chinese insurance platform, ZhongAn Online P&C Insurance, debuted on Hong Kong stock exchange ... ( read original story ...)

More for China than London in Russian hydro IPO

on Oct. 5 announced its intention to conduct an initial public offering on the London Stock Exchange and the Moscow Exchange. En+ owns assets in metals and energy, including a 48 percent stake in Hong Kong-listed Russian aluminium producer Rusal ... ( read original story ...)

Higher Open Called For Hong Kong Stock Market

gained 0.17 percent and BOC Hong Kong was unchanged. The lead from Wall Street is positive as stocks moved higher on Thursday as the major averages again hit fresh record closing highs. The Dow rose 113.75 points or 0.50 percent to 22,775.39, while the ... ( read original story ...)

Hang Seng, Nikkei reach multi-year highs as Asian stocks rise

Meanwhile, Japan’s Topix bank subindex was up 1.3%. The U.S. rate outlook is important for Asian financial companies as their margins have been under pressure in the current low-rate environment. Meanwhile, Hong Kong’s Hang Seng Index HSI, +0.39% ... ( read original story ...)

City’s financial press fails to deliver the expected value

When the market is good, every media boss in Hong Kong is thinking of expanding financial coverage. It's really the cheapest and least demanding thing to do for a television station or a newspaper. And so, every morning, most of the television channels ... ( read original story ...)