Standard Chartered becomes third big lender in Hong Kong to scrap minimum-balance fee as virtual banks get ready to challenge their dominance

 

Standard Chartered becomes third big lender in Hong Kong to scrap minimum-balance fee as virtual banks get ready to challenge their dominance

All three note-issuing banks – HSBC, Standard Chartered and BOCHK – have now said they will abolish the fee, widely seen as a penalty on small depositors Analysts say the move is to minimise the …

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