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

Reported by MarketWatch · Published 27 Oct 2026, 6:02 PM MYT (2 hr ago)

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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.

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

Summary

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