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Article: U.K. bank posts Hong Kong inflow. (Standard Chartered Bank PLC)(International News) (Brief Article)
- Article from:
- American Banker
- Article date:
- August 14, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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U.K. Bank Posts Hong Kong Inflow
LONDON - Standard Chartered PLC said Tuesday that $125 million had been redeposited at its branches in Hong Kong.
The funds represent about a third of the withdrawals during a two-day run last week at the Asian outpost of the British bank.
Standard Chartered's chief executive, Ian Wilson, said business had returned to normal at the bank's 115 branches in the colony.
Hong Kong has experienced a series of banking runs after closing ...