Banks shut branches over Hong Kong protests

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BBC :
Hong Kong protestors rest after clashing the previous night with police Pro-democracy protestors blocked large parts of central Hong Kong, where many financial firms are located.
Standard Chartered and several other banks have suspended some of their operations in central Hong Kong following mass pro-democracy protests.
Bank branches that offer over-the-counter services have been closed, as well as ATMs and cash deposit machines in affected areas.
Some firms have also advised their staff to work from home or go to secondary offices.
Thousands of demonstrators clashed with police, who fired tear gas, on Sunday.
In a statement, British bank Standard Chartered said it had activated contingency plans to ensure continuous services to customers.
Bank of China said it had suspended operations at some branches because of the “unusual situation” in parts of Hong Kong.
Singapore’s biggest bank, DBS, also temporarily shuttered its branch in the Admiralty neighbourhood.
Hong Kong pro-democracy protestor Many Hong Kong pro-democracy protestors slept in the streets despite clashes with riot police
Hong Kong’s de-facto central bank said 29 bank branches, offices or ATMs of 17 banks in the territory will be temporarily closed because of the protests.
The Hong Kong Monetary Authority (HKMA) said “affected banks have activated their business continuity plans this morning to maintain the normal operations of the core functions of the banking system”.
“The HKMA will also inject liquidity into the banking system as and when necessary under the established mechanism,” it added in a statement.

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