Protests disrupt Hong Kong banks’ operations

Maria Nikolova

Banks such as HSBC and Standard Chartered have closed branches in areas affected by the protests.

The continuing protests over a controversial piece of legislation in Hong Kong have affected the operations of local banks. Bank offices in areas where protests are concentrated remain closed today, as indicated by announcement by local financial services providers.

HSBC says on its website that the HSBC Pacific Place Premier Centre and Pacific Place Day & Night Plus is closed from 12 noon on June 12, 2019 until further notice due to public events. HSBC customers who require to use HSBC’s banking services during the period at Admiralty are advised to visit the Hay Wah Building Branch and Premier Centre, or to use the Bank’s personal internet banking, mobile banking or phone banking.

Standard Chartered Hong Kong temporarily suspended branch operations in Admiralty until further notice due to traffic disruption. The aim is to ensure safety of staff and customers. The bank has suspended the operations of the two branches in Admiralty due to severe traffic disruption in the area. Banking services in Admiralty district, including branch services, cheque deposit service, ATMs and cash and deposit machines, are temporarily suspended until further notice.

Branches that are temporarily affected include:

  • Admiralty Branch
  • Admiralty Priority Banking Centre

Customers who would like to carry out banking transactions during the period are advised to proceed to Standard Chartered branches in other districts. Customers can also perform banking transactions via mobile and online banking.

OCBC Wing Hang Bank today announced that its United Centre branch and related banking services have to be temporarily suspended until further notice.

Customers are asked to proceed to other OCBC Wing Hang Bank branches for services. Customers are also encouraged to use the online banking services for banking transactions or services.

A Hong Kong Government spokesman said today that a riot broke out in the Admiralty area, with protesters causing serious obstruction to major trunk roads and great inconvenience. The spokesman said a number of protesters had used very dangerous weapons and a high level of violence.

Members of the public should not go to the Admiralty area.

Read this next

blockdag

Top 6 Altcoins Under $1: BlockDAG Surges 500%, Followed By SHIB, FLOKI, VeChain, BONK & PEPE

Discover the top 6 altcoins under $1, including SHIB, FLOKI, VET, BONK, PEPE & BlockDAG, which is seeing an incredible boost in its presale momentum.

Retail FX

Italy blocks domains of Vantage, Luno Invest and Crypto Trade

Consob, the Italian securities regulator, has dropped the hammer on yet another number of FX websites it says were illegally promoting trading products in the country. It has contacted Italy’s internet service providers (ISPs), requesting that they block access to all of the sites in question.

Digital Assets

Celsius users consider legal challenge to reorganization plan

A group of creditors from the bankrupt crypto lender Celsius is looking into legal options to challenge the company’s reorganization plan, which they claim unfairly favors certain creditors.

Digital Assets

e-CNY mastermind Yao Qian arrested in corruption probe

The mastermind behind China’s central bank digital currency (CBDC) project is reportedly under scrutiny for suspected “violations of discipline and law,” according to Shanghai Securities News.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: USD Strength, US PCE, Eurozone April 26 ,2024

US inflation data came in hotter than expected, pressuring the Federal Reserve to potentially raise interest rates and causing the US Dollar to rise against the Euro as the Eurozone faces economic uncertainties.

blockdag

BlockDAG Presale Tops $20.7M! Here’s How to Buy BDAG Coins with USDT and Ethereum for Explosive Gains of 30,000x

Early investors are looking at potentially significant returns in its tenth batch at $0.006 per coin.

Retail FX

Exclusive: Prop firm Funded Engineer faces lawsuit from FPFX

Retail trading tech provider FPFX Technologies, LLC (FPFX Tech), has filed a lawsuit against the prop firm Funded Engineer and its associated operatives for alleged breaches of contract.

Market News, Tech and Fundamental, Technical Analysis

USDJPY Technical Analysis Report 26 April, 2024

USDJPY currency pair can be expected to rise further toward the next resistance level 160.00, target price for the completion of the active impulse sequence (C).

<