Banks Making Inroads Into Car-Loan Business: Banks have been losing out to the captive financing companies in the car-loan market, but new programs spark hope to capture some of the lost customers. This means the light is green for banks....
(c) whether the Government will consider requesting the Hong Kong AssociationofBankstoissue guidelines on the grantingofcar loanstotighten the percentage of mortgage loan, so as to suppress the growth in the number of cars; if not, what the reasons are?
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But one, Close Brothers, has suspended its dividend for now. That’s because banks are prone to scoring costly own goals, for example over exposure to a market, say Chinese property, or failing to spot a mis-selling scandal brewing, say incar loan protection sales— the issue that has scu...