Making changes and trimming costs around the edges is not an effective response to today’s novel business conditions of high interest rates, constrained funding, economic uncertainty and regulatory pressure. Moving the needle on profitability likely means greater fiscal discipline across business lines,...
Soaring inflation prompted the Federal Reserve to implement the most significant interest rate hike in decades, with its benchmark federal funds rate hitting a 22-year high in the summer of 2023. That benefited US banks by boosting their return on equity and profitability, but it als...
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Debit Card Experience the versatility, security, convenience and flexibility of Bank of China MasterCard debit card. Online Banking Services We offer online banking with comprehensive features such as integrated Bill Pay service, customized alerts and flexible fund transfer options. This gives you an ea...
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The recent lift in performance has largely been buoyed by rising interest rates. Despite the recent value creation, over the past decade, the sector has eroded economic value when measured against cost of capital.So will the liftoff in overall industry results achieved in 2023 give way to the ...
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Get the inside story on the latest wealth management trends with a brand new podcast series from Standard Chartered Private Bank. In each episode, we’re joined by expert guests who share their specialist insights with radio presenter host Chloe Tilley.
The exponential pace of new technologies, and the confluence of multiple trends, are influencing how banks operate and serve customer needs.The impact of generative AI, industry convergence, embedded finance, open data, digitization of money, decarbonization, digital identity, a...
Competitive interest rates: Without the overheads of traditional banks, lenders can offer better rates to borrowers and still enjoy decent returns. Financial inclusion: P2P platforms can cater to individuals who might be underserved by traditional banks, offering them access to credit. While DeFi platf...