14 Apr China’s banks withdraw some long-term fixed-income products, cut deposit rates to boost margins
Posted at 06:04h
in Asia
China’s commercial banks are removing some of their long-term fixed-income products and cutting rates offered to depositors, in an effort to shore up profitability, as challenges, including a slumping property sector, mounting local government debt, and slow consumption recovery, weigh on lenders’ earnings.China Merchants Bank,...
