Multi-bank adjustment agreements controlling liability costs and interest rates for notification of deposits
EdmundGreg
May 16
• The Honourable Wu Gang, journalist for this newspaper A number of financial institutions, such as the Banine Bank, the Panorama Bank and others, have previously issued a circular stating that interest rates for notifying deposits, deposit products will be adjusted as of 15 May. The industry analysed that this time, the two types of deposit products mentioned above are incorporated into the self-regulatory cap adjustment, which is intended to regulate the unprocessed competition in deposit p...
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