Shanghai Commercial Bank
Shanghai Commercial Bank, also known as ShaComm Bank or SCB, is a bank based in Hong Kong. It was founded on November 1950.
Its parent company is the Shanghai Commercial and Savings Bank (SCSB) -- a Taiwan-based bank that was established in Shanghai in 1915 and moved to Taiwan following the second world war. The bank officially resumed operations in Taipei in June 1965 with total capital of NT$15m and 29 employees.Together with its subsidiaries Shanghai Commercial Bank (SCB) in Hong Kong and AMK Microfinance Institution in Cambodia, SCSB manages total consolidated assets more than US$75b and capital more than US$1.6b and has shareholder's equity more than US$5.5b.
Hong Kong banks ramped up hiring but investment bankers laid off
Hong Kong banks ramped up hiring but investment bankers laid off
Trade and private bankers are most in demand, although banks are cautious.
Shacom Bank face profit strains amidst elevated asset risk
Moody’s Ratings has changed the bank’s outlook to negative.
Hong Kong lenders gear up sustainability initiatives as post-pandemic era dawns
The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.
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