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Archive for the ‘Business’ Category
HSBC cards no longer work in many overseas ATMs

HSBC cards no longer work in many overseas ATMs

Customers using ATMs abroad have been refused. Photo: Edward Wong (SCMP) HSBC customers have complained the bank has made it more difficult to draw out money abroad. Many on business trips or holidays have said they were unable to get their hands on their cash from ATM machines. That’s because the bank has switched... 

Former outsourcer describes how job destruction works

Former outsourcer describes how job destruction works

An insider explains how Canada’s big banks contract out good jobs to make even more money. These are the confessions of an outsourcer. She has spent more than a decade helping some of Canada’s biggest financial institutions shed workers and replace them with low-wage help. She has made a good living doing this. But she... 

Bank probes find manipulation in Singapore’s offshore Foreign Exchange market

Bank probes find manipulation in Singapore’s offshore Foreign Exchange market

Reuters- Jan 27, 2013 Internal reviews by banks in Singapore have found evidence that traders colluded to manipulate rates in the offshore foreign exchange market, according to a source with knowledge of the inquiries. The discovery widens a global lending rate scandal into new markets, as fallout from the Libor case puts banks... 



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