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Customers are chasing higher-rate products. That’s bad news for banks like HSBC.

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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.

Customers are chasing higher-rate products. That’s bad news for banks like HSBC.

Source：MarketWatch

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Source：https://www.marketwatch.com/story/customers-are-chasing-higher-rate-products-and-thats-bad-news-for-banks-like-hsbc-3a6ec793