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BUSINESS
August 19, 1991 | From Times Staff and Wire Reports
Bank Rumor-Mongerers Are Sought: The colony's Commercial Crime Bureau appealed last week for public help in tracking down what it called rumor-mongers alleged to have precipitated runs on two leading banks. Mike Dowie, acting head of the bureau, called on anyone who received messages encouraging them to withdraw money from Standard Chartered Bank or Citibank to contact the police.
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BUSINESS
January 5, 1993 | From Times Staff and Wire Reports
First Interstate Sells International Units: First Interstate Bancorp has "substantially completed" the sale of certain merchant banking operations to Standard Chartered for an undisclosed price. Since announcing the sale last February, the Los Angeles banking company has transferred nearly all of its 20 offices in 15 countries, along with about 700 employees, to the British bank.
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BUSINESS
July 6, 1992 | From Times Staff and Wire Reports
Central Bank Orders Audit of 4 Foreign Banks: Citibank and Bank of America will be audited by government authorities in Bombay as part of India's investigation into a billion-dollar financial scandal. India's central bank also ordered a detailed scrutiny of the books of two other foreign banks, Australia's Grindlays Bank and the London-based Standard Chartered Bank.
BUSINESS
July 6, 1992 | From Times Staff and Wire Reports
Central Bank Orders Audit of 4 Foreign Banks: Citibank and Bank of America will be audited by government authorities in Bombay as part of India's investigation into a billion-dollar financial scandal. India's central bank also ordered a detailed scrutiny of the books of two other foreign banks, Australia's Grindlays Bank and the London-based Standard Chartered Bank.
BUSINESS
January 5, 1993 | From Times Staff and Wire Reports
First Interstate Sells International Units: First Interstate Bancorp has "substantially completed" the sale of certain merchant banking operations to Standard Chartered for an undisclosed price. Since announcing the sale last February, the Los Angeles banking company has transferred nearly all of its 20 offices in 15 countries, along with about 700 employees, to the British bank.
CALIFORNIA | LOCAL
February 23, 2004 | From Times Wire Reports
Khoo Teck Puat, 86, Singapore's richest man, died Saturday in a Singapore hospital of a heart attack. Born in Malaysia, Khoo amassed a fortune estimated at $2.6 billion. Last year he was cited by Forbes magazine as the world's 137th wealthiest person. Khoo made his money in hotels and banking. He owned the Goodwood Group of boutique hotels in Singapore and London. The widower and father of 14 also was the largest single shareholder of Britain's Standard Chartered Bank.
BUSINESS
January 11, 1985
The Los Angeles-based bank said it received $462 million, or 98 cents on the dollar, from the sale of loans in Latin America, Europe and the Middle East to its parent, London-based Standard Chartered Bank. Only about $23 million of those loans were ones on which the bank was receiving little or no interest. Union Bank said the move was designed to allow it to expand its domestic business base and its business with Pacific Rim nations.
BUSINESS
March 21, 2007 | From the Associated Press
China approved four foreign banks to begin local currency services to individual Chinese customers, opening access to the country's $4 trillion in household savings and surging demand for credit cards and other financial services. The four banks approved are the locally incorporated entities of Citigroup Inc., HSBC Holdings' Hongkong & Shanghai Banking Corp., Standard Chartered and Bank of East Asia, the China Banking Regulatory Commission said.
CALIFORNIA | LOCAL
August 9, 2013 | By Patrick McGreevy
SACRAMENTO -- Gov. Jerry Brown's desk is getting more cluttered as lawmakers this week resumed sending him legislation, including a measure aimed at making sure state-chartered banks are not funneling money to the government of Iran. The Iran bill was introduced by Robert Blumenfield, a Democrat from Woodland Hills, before he left the state Assembly in July to take a seat on the Los Angeles City Council. The measure directs the California Commissioner of Financial Institutions to look for transactions with Iran when doing audits of state-chartered financial institutions every two years.
BUSINESS
June 10, 1998 | From Bloomberg News
Hospitality Marketing Concepts Inc., which runs customer membership programs for about 315 high-end hotels worldwide, filed plans for an initial public offering worth as much as $48 million. The Irvine-based company provides hotels with marketing targeted to regular customers, who in turn pay an annual fee for perks such as discounts on rooms and food.
BUSINESS
August 19, 1991 | From Times Staff and Wire Reports
Bank Rumor-Mongerers Are Sought: The colony's Commercial Crime Bureau appealed last week for public help in tracking down what it called rumor-mongers alleged to have precipitated runs on two leading banks. Mike Dowie, acting head of the bureau, called on anyone who received messages encouraging them to withdraw money from Standard Chartered Bank or Citibank to contact the police.
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