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Heard on the street: How to determine deposit rates for private banking clients? “Whatever I feel like”

28 August 2012

In a conversation with Asian Private Banker, a treasury advisor at a private bank in Hong Kong states that whilst systems and processes are in place to determine the deposit rates of clients, there is marginal flexibility left to the discretion of the advisor without due diligence. Relationship managers will call the treasury, which separates its statements from the private…

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