mortgage borrowers – Charm

HSBC, Standard Chartered, BOCHK cut prime rates for first time since December

Cs news2 months ago06 mins

Hong Kong’s three note-issuing banks – HSBC, Standard Chartered and Bank of China (Hong Kong) – will trim their prime lending rates for the first time since December, reducing funding costs and providing some relief to businesses and mortgage borrowers in the city. HSBC and the Hong Kong unit of Bank of China said on…

HSBC cuts prime rate by quarter point in second round of tonic for Hong Kong economy

Cs news12 months ago03 mins

HSBC, the biggest commercial bank in Hong Kong, lowered its prime lending rate for a second time this year, trimming borrowing costs for consumers and businesses. Bank of China’s local unit matched the move, and other lenders are expected to follow suit. The UK banking group will trim its prime rate by 25 basis points…