Asia banks scramble for retail deposits to help liquidity requirements

Saving grace


Savers have been hit hard by the financial crisis. Low interest rates and rising inflation have meant bank deposits have paid meagre returns. But the tide may be turning: in Hong Kong, for example, Citibank is offering clients a cash rebate of up to HK$1,500 ($190) if they put their monthly salary with the bank. While the American bank was simply indulging in a bit of old fashioned promotion, in the future these types of offers could become more common as regulation drags the once sleepy topic

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