Customers are chasing higher-rate products. That’s bad news for banks like HSBC.
Shares of banking giant HSBC Holdings fell as much as 7% on Tuesday as the lender revealed that customers are increasingly turning to higher-rate products.
Summary from the MarketWatch news feed. Copyright belongs to MarketWatch.
Headlines and summaries come from publishers’ public news feeds and are shown with attribution and a link to the original. Investz does not write or endorse them and they are not investment advice. Disclosures.