The Business Times
business-time-50

Adam Reynolds

SAXO

As central banks all around the world raise interest rates to manage the current inflationary environment, financial institutions exploit the larger spread between the interest they pay their customers and the profits they earn by investing.
THE BOTTOM LINE

Bank customers lose out as industry holds on to rate-hike gains

IT IS generally accepted that there is mystique around the banking and finance industry. People see that as the status quo and chalk it up to the industry being too complicated and difficult to unders...

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