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Customers are chasing higher-rate products, and that’s bad news for banks like HSBC

Reported · Written up by our desk · Equities

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.

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MarketWatchCustomers are chasing higher-rate products, and that’s bad news for banks like HSBC
MarketWatchCustomers are chasing higher-rate products, and that’s bad news for banks like HSBC

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