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Customers are chasing higher-rate products. That’s bad news for banks like HSBC.

Shares of banking giant HSBC Holdings fell as much as 7% on Tuesday as the lender revealed that customers are increasingly turning to higher-rate products.

Customers are chasing higher-rate products. That’s bad news for banks like HSBC.

We haven't written up this one. MarketWatch Top has the full story — the link below goes straight to it.

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