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17.01.26 - 02:36
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Chinese banks lure investors with gold-linked deposits amid soaring prices (SCMP)
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An increasing number of Chinese and foreign banks are launching gold-linked structured deposits to attract investors seeking higher returns tied to gold prices, which analysts say provide an alternative to poor returns from time deposits.
Rising gold prices, which continue to hit new highs this year, are fuelling renewed enthusiasm in gold as an investment in mainland China. While gold has increased 6 per cent this year to over US$4,620 an ounce, a Goldman Sachs forecast last month projected......
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16.01.26 - 21:12
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Banks Feel Pressure From Trump′s Credit Card Threats (Bloomberg)
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President Donald Trump's call for a 10% cap on credit card interest rates sent shares of financial firms tumbling as major banks released their earnings. Ximena Aleman, co-CEO and co-founder of Prometeo, discusses the impact of new tech on the financial industry and AI in banking with Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)...
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16.01.26 - 10:54
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HSBC reviews Singapore insurance unit amid focus on high growth in Hong Kong, China (SCMP)
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HSBC Holdings' exploration of options for its insurance business in Singapore may lead to a sale of the unit as the group reallocates resources to its insurance business in Hong Kong and mainland China, according to analysts.
“It makes sense for HSBC to consider an exit from Singapore's insurance market to focus on Hong Kong and mainland China, as so many mainlanders are coming to Hong Kong to buy insurance products here,” said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of......
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