Chinese Banks Hemorrhaging Deposits, 1st Quarterly Drop Since 1999; Banks Offer iPhones, Even Cars for Large Deposits

Chinese Banks Hemorrhaging Deposits, 1st Quarterly Drop Since 1999; Banks Offer iPhones, Even Cars for Large Deposits

December 23, 2014 0 By News Desk
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China Daily explains the setup in Lenders Look to Attract Deposits with Goodies . Lenders in China, desperate to attract customers who are finding alternatives for their savings, are turning to giveaways

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Chinese Banks Hemorrhaging Deposits, 1st Quarterly Drop Since 1999; Banks Offer iPhones, Even Cars for Large Deposits