Hong Kong banks gird for online-only onslaught By Reuters

2019-08-13

By Sumeet Chatterjee HONG KONG (Reuters) – Hong Kong’s biggest banks are set to cut fees, boost digital services and jazz up branches with features such as touch-screen display panels to meet competition from new online-only lenders in one of the world’s most profitable banking markets. As many as eightRead More →

Mortgages? Big banks may be throwing in the towel

2019-04-28

Courtesy Everett Collection Mortgages aren’t looking wonderful to the nation’s largest banks. You can kiss George Bailey’s mortgage market goodbye. As the small-town banker in Frank Capra’s “It’s a Wonderful Life,” Bailey epitomized an old-fashioned world in which bankers know every borrower personally. In the mortgage market of 2019, borrowersRead More →