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... ed and eventually became a Chinese-funded bank.
When the banking crisis broke out in Hong Kong in the 1960s, Far East Bank was one of the banks that suffered a large number of withdrawals, and was the only bank in the Hong Kong banking industry that did not meet the statutory clearance ratio requirements of the Banking Ordinance.
On March 25, the Aberdeen branch of Far East Bank was run on. At the same time, HSBC Hong Kong announced its unconditional support for Far East Bank, whic ...
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