Banking
In 1920, at 42, Eu, together with Wu Sing Pang, a rich Cantonese merchant in Singapore, founded the Lee Wah Bank with business operations in Guangdong, Singapore and Malaya. The bank was a "Cantonese" bank as opposed to Hokkien banks like the Ho Hong Bank etc., meaning it was set up to cater mainly to the Cantonese (or Cantonese-speaking) community.
Read more about this topic: Eu Tong Sen
Famous quotes containing the word banking:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)