Chinese Move Billions Into Hong Kong Banks Seeking Higher Yields bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
HSBC Holdings attracted more than 130,000 new bank customers in Hong Kong in the first quarter. Bank of China (Hong Kong) gained 200,000 new cross-border clients in 2023, while at Hang Seng Bank, new account openings for non-residents jumped 342 per cent last year.
UBS acquired Credit Suisse at £2.65bn on Sunday afternoon – significantly below its closing value on Friday, which was around £7bn. We take a look at what happened to this former Swiss champion.
Why once 'unthinkable' UBS-Credit Suisse takeover is like merging Liverpool and Manchester United and a win-win coastfm.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coastfm.co.uk Daily Mail and Mail on Sunday newspapers.
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22 Feb, 2021 Author Ranina Sanglap
Australia s neobanks need to find new profitable products and steady revenue streams to be able to make a dent in a market dominated by existing lenders, experts said after the abrupt exit of one player and the acquisition of another within weeks of each other rattled the fledgling industry.
Xinja returned its banking license in December 2020, while 86 400 was acquired by National Australia Bank Ltd. in January. Analysts said the remaining neobanks and any potential new entrants will need to be more innovative and generate enough revenue to survive. Xinja s focus shift isn t a signal of an end to neobanks. There have been and will be new entrants and exits still to come. But it does underscore how any company will need a comprehensive business model that can compete and be sustainable through stressful market conditions, said Jason Malo, research director at global technolog