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Tag: interest margins

China’s Mega Banks Trim Deposit Rates as Stimulus Hits Profits
  • China News

China’s Mega Banks Trim Deposit Rates as Stimulus Hits Profits

Cs news9 months ago03 mins

(Bloomberg) — China’s largest state-owned lenders have cut their deposit rates on Friday, their second reduction this year as they rushed to salvage record low margins amid weakened profitability. Most Read from Bloomberg Major banks including Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp. trimmed the interest offered on one-year, two-year,…

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