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Banks Scrambling for Hong Kong Deposits Push Rates as High as 3% | Tony Seruga
May
01

Banks Scrambling for Hong Kong Deposits Push Rates as High as 3%

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  • StanChart is among lenders competing in $292 billion business
  • Banks are securing funding in anticipation of loan growth

Competition in Hong Kong’s $292 billion time-deposit business is intensifying as a surge in short-term borrowing costs forces banks to seek other avenues of funding…

Banks Scrambling for Hong Kong Deposits Push Rates as High as 3%

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