Page 20 - ஒன்றுபட்டது கிஂக்டம் ஹாங் காங் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Despite a multitude of existential threats, traditional deposit-taking banks with brick-and-mortar branches look set to survive a while longer. But there’s one particular breed of this type of lender that’s headed for extinction: The global retail bank. While some consumers will still fancy popping into their local bank, why would anyone need an international corporation to provide this service? Since the financial crisis, pressure from regulatory demands and the squeeze on margins from declining interest rates has forced lenders to concentrate on what they excel at be it commercial, retail or investment banking. For those big lenders still clinging on to their overseas consumer businesses, the pandemic has made retreat inevitable.

Hong kongUnited kingdomNoel quinnBanco bilbao vizcaya argentariaCitigroup incExecutive officer noel quinnUnited kingdom hong kongRetail bankingCorona virusCo vidConsumer bankingUnited statesLocal bankDigital bankingHsbc holdingsWealth management