Smaller Chinese banks cut deposit rates on squeezed margins

BEIJING¬† ¬†– Several small and mid-sized banks in China have lowered their deposit interest rates, a move that could help ease costs as loan growth faces more pressure amid rising economic risks. Rural commercial banks and credit unions in Hubei and Henan provinces cut rates on a range of deposits over the weekend, following cuts … Continue reading Smaller Chinese banks cut deposit rates on squeezed margins