Hong Kong banks gird for online-only onslaught By Reuters


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


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 →